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Manchester City plunged deeper into trouble in the Champions League by losing 2-0 at Juventus on Wednesday, the latest setback in a scarcely believable run of poor results for the ailing English champions. City dropped to 22nd place in the 36-team standings, with only the top 24 advancing. Progressing to the next round of the new-look format looked a certainty before the season for a team that was European champion in 2023 and has won the last four Premier League titles. But not anymore as City manager Pep Guardiola battles injuries and an apparent loss of belief among his players. City has won just one of its last 10 matches in all competitions, with goals by Dušan Vlahović and Weston McKennie inflicting the latest defeat and igniting Juventus' qualification hopes. City midfielder Ilkay Gundogan described the team's problem as a “mental issue.” Opponents “are able to break our rhythm with the smallest of things,” Gundogan said. "They don’t even need to do much and it has such a big effect on us right now.” Barcelona jumped into second place in the league standings, behind Liverpool, and is guaranteed to advance after a 3-2 win at Borussia Dortmund. Raphinha and Ferran Torres, with two goals, scored for Barca. Arsenal beat Monaco 3-0 mainly thanks to two goals by Bukayo Saka to move into third place and be the highest of six teams on 13 points. The top eight qualify directly for the last 16 and the teams placed No. 9-24 go into a two-legged playoff. City has two games to save its faltering Champions League campaign and the first is against Paris Saint-Germain, another giant in trouble in 25th place — one spot out of the qualifying positions. Vlahović put Juventus ahead in the 53rd when he powered a header goalward straight at City goalkeeper Ederson, who could only parry the ball over his own line. Two American substitutes sealed the win for Juve, with McKennie volleying home from Timothy Weah's cross. Juventus moved into 14th place. Ferran Torres came off the bench to inspire Barcelona to a fifth win in six games and push Dortmund, last season's runner-up, out of the top eight. Torres came on in the 71st to replace Robert Lewandowski, who had a quiet game against his former club. Just four minutes later, Torres scored a goal on the rebound from Dani Olmo’s shot. Serhou Guirassy’s second goal of the game leveled the score at 2-2 but Torres scored again in the 85th off Lamine Yamal’s pass on the counter. Raphinha gave Barcelona the lead before Guirassy equalized from the penalty spot. Raphinha and Guirassy are tied for second place in the scoring chart on six goals, behind Lewandowski's competition-high seven. Arsenal secured a third straight home win without conceding in the league stage, with Saka scoring in the 34th and 78th minutes and sending in a shot that was turned into the net by substitute Kai Havertz in the 88th. Arsenal is ahead of Bayer Leverkusen, Aston Villa, Inter Milan, Brest and Lille on goal difference. Lille won 3-2 at home to Sturm Graz on Wednesday. Man City could sure do with Julian Alvarez at the moment. With a brilliant curling finish to open the scoring, the Argentina striker helped Atletico Madrid beat Slovan Bratislava 3-1 and provide a timely reminder of what City is missing after selling him for more than $100 million in August. Alvarez has 12 goals for the season, with four coming in the Champions League. Antoine Griezmann scored Atletico’s other two goals at Metropolitano stadium as the Spanish team climbed to 11th place after a 10th straight win in all competitions. When Lukasz Lakomy gave Young Boys the lead against Stuttgart, he ran toward the sideline and held up teammate Meschack Elia’s jersey as others gathered around him. The gesture was a tribute after Elia’s son died unexpectedly this week after a short illness. Elia wasn’t playing as he was on his way to his native Congo, where his son died, to be with his family. Both teams wore black armbands and there was a moment of silence before the game, which was won 5-1 by Stuttgart. Tammy Abraham scored an 87th-minute winner as AC Milan beat Red Star Belgrade 2-1 to move one point off the top eight. Milan lost Alvaro Morata and Ruben Loftus-Cheek to muscle injuries in the first half. Benfica’s five-match winning streak ended with a 0-0 home draw against Bologna, and Feyenoord had a 4-2 win over Sparta Prague. Steve Douglas is at https://twitter.com/sdouglas80 AP soccer: https://apnews.com/hub/soccerNEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.

NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.

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