- Langers edge Tiger and son Charlie in PNC Championship playoff
- Explosive batsman Jacobs gets New Zealand call-up for Sri Lanka series
- Holders PSG edge through on penalties in French Cup
- Slovak PM Fico on surprise visit to Kremlin to talk gas deliveries
- Daniels throw five TDs as Commanders down Eagles
- Atalanta fight back to take top spot in Serie A, Roma hit five
- Mancini admits regrets over leaving Italy for Saudi Arabia
- Run machine Ayub shines as Pakistan sweep South Africa
- Slovak PM Fico on surprise visit to Kremlin
- Gaza rescuers say Israeli strikes kill 35
- 'Incredible' Liverpool must stay focused: Slot
- Maresca 'absolutely happy' as title-chasing Chelsea drop points in Everton draw
- Salah happy wherever career ends after inspiring Liverpool rout
- Three and easy as Dortmund move into Bundesliga top six
- Liverpool hit Spurs for six, Man Utd embarrassed by Bournemouth
- Netanyahu vows to act with 'force, determination' against Yemen's Huthis
- Mbappe back from 'bottom' as Real Madrid down Sevilla
- Ali hat-trick helps champions Ahly crush Belouizdad
- France kept on tenterhooks over new government
- Salah stars as rampant Liverpool hit Spurs for six
- Syria's new leader says all weapons to come under 'state control'
- 'Sonic 3' zips to top of N.America box office
- Rome's Trevi Fountain reopens to limited crowds
- Mbappe strikes as Real Madrid down Sevilla
- 'Nervous' Man Utd humiliated by Bournemouth
- Pope again condemns 'cruelty' of Israeli strikes on Gaza
- Lonely this Christmas: Vendee skippers in low-key celebrations on high seas
- Troubled Man Utd humiliated by Bournemouth
- 2 US pilots shot down over Red Sea in 'friendly fire' incident: military
- Man Utd embarrassed by Bournemouth, Chelsea held at Everton
- France awaits fourth government of the year
- Germany pledges security inquest into Christmas market attack
- Death toll in Brazil bus crash rises to 41
- Joshua bout only fight left for beaten Fury says promoter Hearn
- Odermatt stays hot to break Swiss World Cup wins record
- Neville says Rashford's career at Man Utd nearing 'inevitable ending'
- Syria's new leader vows not to negatively interfere in Lebanon
- Germany pledges security inquest after Christmas market attack
- Putin vows 'destruction' on Ukraine after Kazan drone attack
- Understated Usyk seeks recognition among boxing legends
- France awaits appointment of new government
- Cyclone Chido death toll rises to 94 in Mozambique
- Stokes out of England's Champions Trophy squad
- Gaza rescuers say Israeli strikes kill 28
- Sweet smell of success for niche perfumes
- 'Finally, we made it!': Ho Chi Minh City celebrates first metro
- Angry questions in Germany after Christmas market attack
- China's Zheng pulls out of season-opening United Cup
- Minorities fear targeted attacks in post-revolution Bangladesh
- Tatum's 43-point triple-double propels Celtics over Bulls
Wall Street climbs as markets brace for possible govt shutdown
Wall Street stocks bounced higher Friday following a pullback in US Treasury yields as markets braced for a looming US government shutdown.
Data showed the personal consumption expenditures (PCE) price index rose 2.4 percent in the 12 months to November, up from 2.3 percent in October, the Commerce Department said in a statement.
But the reading came in lower than expected, prompting a pullback in US Treasury bond yields that had risen after Federal Reserve policy makers signaled earlier this week they expect fewer interest rate cuts in 2025.
Stocks fell sharply on Wednesday after the Fed decision.
But on Friday, the broad-based S&P 500 finished at 5,930.85, up 1.1 percent for the day but down about two percent for the week.
"We have seen a nice rebound from what was, in our view, an overreaction to the Fed's outlook on Wednesday," said Angelo Kourkafas of Edward Jones, pointing to Friday's inflation data as a supportive factor for equities.
Treasury yields pulled back following comments from Federal Reserve Bank of Chicago President Austan Goolsbee, who expressed confidence that the PCE data showed that inflation was returning to the Fed's target of two percent.
"Over the next 12 to 18 months, rates can still go down a fair amount," Goolsbee told CNBC.
Investors were also keeping watch on developments in Capitol Hill.
US lawmakers raced to stave off a government shutdown set to bite within hours after Donald Trump and Elon Musk sabotaged a bipartisan agreement that would have averted a shutdown.
If no deal is struck, the government will cease to be funded at midnight, and non-essential operations will start to grind to halt, with up to 875,000 workers furloughed and 1.4 million more required to work without pay.
European stocks finished the day lower although they cut their losses as Wall Street rebounded, with data showing tepid retail sales in the UK in the runup to Christmas dampening sentiment.
Among individual companies, Nike dipped 0.2 percent as it reported lower earnings while new CEO Elliott Hill outlined steps to get the slumping sports giant back on track. Analysts pointed to Nike's near-term outlook, which suggests a turnaround will not be quick.
Carnival jumped 6.4 percent following an upbeat 2025 forecast that included a 20 percent rise in profits to $2.3 billion.
- Key figures around 2150 GMT -
New York - Dow: UP 1.2 percent at 42,840.26 (close)
New York - S&P 500: UP 1.1 percent at 5,930.85 (close)
New York - Nasdaq Composite: UP 1.0 percent at 19,572.60 (close)
London - FTSE 100: DOWN 0.3 percent at 8,084.61 (close)
Paris - CAC 40: DOWN 0.3 percent at 7,274.48 (close)
Frankfurt - DAX: DOWN 0.4 percent at 19,884.75 (close)
Tokyo - Nikkei 225: DOWN 0.3 percent at 38,701.90 (close)
Hong Kong - Hang Seng Index: DOWN 0.2 percent at 19,720.70 (close)
Shanghai - Composite: DOWN 0.1 percent at 3,368.07 (close)
Euro/dollar: UP at $1.0431 from $1.0363 on Thursday
Pound/dollar: UP at $1.2567 from $1.2502
Dollar/yen: DOWN at 156.45 yen from 157.44 yen
Euro/pound: DOWN at 82.98 pence from 82.28 pence
West Texas Intermediate: UP 0.1 percent at $69.46 per barrel
Brent North Sea Crude: UP 0.1 percent at $72.94 per barrel
burs-jmb/bgs
F.Pedersen--AMWN