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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 20, 2024
Page
8
The University of Michigan reports the final December consumer sentiment reading showing improved confidence from the prior month. Wall Street expects a slight revision to 74.3 from the initial 74, marking a fifth straight month of higher sentiment as consumer spending drives about 70 percent of US economic activity.
Lawrence Yun of the National Association of Realtors notes the annual total will be the lowest since 1995. November and October show gains but overall pace remains below last year.
U.S. equities opened higher but gave up gains by session end with the S&P 500 slipping 0.1 percent. The retreat followed a volatile day after the Federal Reserve signaled it may deliver fewer rate hikes than previously anticipated.
The market shows a muted reaction as rate expectations ease less than expected. The Dow rose barely while the Nasdaq eased. bond yields mixed. Lamb Weston Holdings slashed forecast and started CEO replacement, with LW closing at 62.50 down 15.72 or 20.1 percent.
The Journal-World reports that two critics Michael Brain of Lawrence and Justin Spiehs of Johnson County have disrupted city and county meetings with obscene name calling and threats. Spiehs remains involved, while Brain’s federal suit was dismissed for lack of factual support. City changes to comment procedures and staff departure after sessions aim to curb disruptions. Brain faced a 60 day ban for threatening behavior. Spiehs’ suits against city and other entities continue, with a federal judge denying a temporary halt to the new policy.
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