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Early gains mostly fade as Wall Street wobbles into 2026

NEW YORK (AP) - U.S. stocks wavered as Wall Street had a wobbly start to the new year. The S&P 500 rose 0.2% Friday, coming off a gain of more than 16% in 2025. The Dow rose 319 points, or 0.7%, but the Nasdaq was roughly flat, weighed down by losses for Microsoft and Tesla. Foreign markets fared better and benchmarks in Britain and South Korea hit records.

Top Asia Pacific Breaking News Stories

HONG KONG (AP) – South Korean President Lee Jae Myung arrived in China on Sunday as Beijing looks to deepen ties with the nearby country after heightened tensions between China and Japan over Taiwan, a self-ruled island it claims as its sovereign territory. Lee’s four-day trip is his first visit to China since taking office in June.

Today in History: January 4, Nancy Pelosi becomes first female speaker of the House

Today is Sunday, Jan. 4, the fourth day of 2026. There are 361 days left in the year. Today in history: On Jan. 4, 2007, Nancy Pelosi was elected the first female speaker of the House as Democrats took control of Congress.

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