No. 17 Baylor has another home blowout as Nunn scores 23 in 91-60 win over New Orleans

WACO, Texas (AP) — Jayden Nunn scored 23 points, including seven 3-pointers, and No. 17 Baylor led throughout in a 91-60 victory over New Orleans on Wednesday.

After Nunn was recognized just before tipoff for reaching 1,000 career points earlier this month, he made two 3s in the first 68 seconds of the game for a 6-0 lead.

Freshman guard Robert Wright added 18 points for Baylor (5-2). Jeremy Roach had 17 points with eight assists, and Norchad Omier had his third consecutive double-double, getting 12 points and 13 rebounds.

Nunn had 20 points at halftime, when Baylor led 50-23. He has 457 points in 42 games for Baylor after scoring 591 in 65 games at VCU in two seasons.

Dae Dae Hunter had 18 points on six 3s for New Orleans (2-5).

New Orleans: The Privateers played the third of nine consecutive road games until Jan. 4. They will travel about 3,700 miles during that seven-week span and won't have a December home game for the first time in program history.

Baylor: It was another breather at home for the Bears, who were coming off a 77-62 loss last Friday in the Bahamas to No. 7 Tennessee, their fourth game against a Top 25 team. Baylor had 104 points in their other two home games.

Baylor had a 16-1 run at the end of the first half. Nunn started and capped that 4 1/2-minute spurt with 3-pointers.

Omier has five double-doubles this season, and his 73 for his career are the most among active NCAA players. He played the past two seasons at Miami, after two at Arkansas State.

Baylor plays at two-time defending national champion UConn on Dec. 4. New Orleans has its Southland Conference opener at Nicholls on Dec. 7.

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Baylor guard VJ Edgecombe (7) drives to the basket against New Orleans guard Jah Short (2) in the first half of an NCAA college basketball game Wednesday, Nov. 27, 2024, in Waco, Texas. (AP Photo/Tony Gutierrez)

Baylor guard Robert Wright III (1) works to make a pass as New Orleans's JR Jacobs (1) and Jah Short, right, defend in the first half of an NCAA college basketball game Wednesday, Nov. 27, 2024, in Waco, Texas. (AP Photo/Tony Gutierrez)

New Orleans guard JR Jacobs (1) loses control of the ball as Baylor's Josh Ojianwuna, rear, defends in the first half of an NCAA college basketball game Wednesday, Nov. 27, 2024, in Waco, Texas. (AP Photo/Tony Gutierrez)

Baylor guard Jeremy Roach (3) works to the basket as New Orleans's Dae Dae Hunter (10) defends in the first half of an NCAA college basketball game Wednesday, Nov. 27, 2024, in Waco, Texas. (AP Photo/Tony Gutierrez)

New Orleans forward Luke Davis (20) has his shot blocked by Baylor's VJ Edgecombe (7) as Norchad Omier (15) helps defend on the play in the first half of an NCAA college basketball game Wednesday, Nov. 27, 2024, in Waco, Texas. (AP Photo/Tony Gutierrez)

Losses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%. Losses for Nvidia, Microsoft and Broadcom were the biggest weights on the market. Dell sank 12.2% after reporting revenue that fell shy of forecasts, and HP dropped 11.4% after giving a weaker-than-expected outlook. Treasury yields fell in the bond market. U.S. financial markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

Stocks wavered in afternoon trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market.

The S&P 500 fell 0.4% in afternoon trading, even though more stocks were rising than falling in the index. The Dow Jones Industrial Average fell 135 points, or 0.3%, as of 3:05 p.m. Eastern time. Both indexes set records on Tuesday.

The Nasdaq composite fell 0.5%.

Losses for tech heavyweights helped pull the broader market lower. Semiconductor giant Nvidia slipped 1.6%. Its huge value gives it outsized influence on market indexes. Microsoft fell 0.9%

Several personal computer makers added to Big Tech's heavy weight on the market following their latest earnings reports.

HP sank 11.8% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slumped 11.9% after its latest quarterly revenue fell short of Wall Street forecasts.

Gains for financial and health care companies helped counter Big Tech's downward pull. Visa rose 0.9% and Thermo Fisher Scientific added 2.3%.

The U.S. economy expanded at a healthy 2.8% annual pace from July through September, according to the Commerce Department, leaving its original estimate of third-quarter growth unchanged. The growth was driven by strong consumer spending and a surge in exports.

The update follows a report on Tuesday from the Conference Board that said confidence among U.S. consumers improved in November, but not by as much as economists expected.

Consumers have been driving economic growth, but the latest round of earnings reports from retailers shows a mixed and more cautious picture.

Department store operator Nordstrom fell 8.5% after warning investors about a trend toward weakening sales that started in late October. Clothing retailer Urban Outfitters jumped 19.1% after beating analysts’ third-quarter financial forecasts. Weeks earlier, retail giant Target gave investors a discouraging forecast for the holiday season, while Walmart provided a more encouraging forecast.

Consumers, though resilient, are still facing pressure from inflation. The latest update from the U.S. government shows that inflation accelerated last month. The personal consumption expenditures index, or PCE, rose to 2.3% in October from 2.1% in September.

Overall, the rate of inflation has been falling broadly since it peaked more than two years ago. The PCE, which is the Federal Reserve's preferred measure of inflation, was just below 7.3% in June of 2022. Another measure of inflation, the consumer price index, peaked at 9.1% at the same time.

The latest inflation data, though, is a sign that the rate of inflation seems to be stalling as it falls to within range of the Fed's target of 2%. The central bank started raising its benchmark interest rate from near-zero in early 2022 to a two-decade high by the middle of 2023 and held it there in order to tame inflation.

The Fed started cutting its benchmark interest rate in September, followed by a second cut in November. Wall Street expects a similar quarter-point cut at the central bank's upcoming meeting in December.

“Today’s data shouldn’t change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. "But a lot of observers, probably including some at the Fed, are looking for reasons to get more hawkish on the outlook given the potential for inflationary policy change like new tariffs.”

President-elect Donald Trump has said he plans to impose sweeping new tariffs on Mexico, Canada and China when he takes office in January. That could shock the economy by raising prices on a wide range of goods and accelerating the rate of inflation. Such a shift could prompt the Fed to rethink future cuts to interest rates.

Treasury yields slipped in the bond market. The yield on the 10-year Treasury fell to 4.25% from 4.30% late Tuesday. The yield on the two-year Treasury, which more closely follows expected actions by the Fed, fell to 4.22% from 4.25% late Tuesday.

U.S. markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday.

A sign marking the intersection of Wall Street and South Street is shown in New York's Financial District on Tuesday, Nov. 26 2024. (AP Photo/Peter Morgan)

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)

People walk past the New York Stock Exchange on Tuesday, Nov. 26 2024. (AP Photo/Peter Morgan)

A person walks in front of the Tokyo Stock Exchange building at a securities firm Tuesday, Nov. 26, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)