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Australia's Solstice Minerals jumps as drilling begins at rare earth oxide target

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** Shares of Australia's Solstice Minerals SLS.AX rise as much as 5.3% to A$0.100, posting their biggest intraday pct gain since Dec. 14, 2023

** Stock hits its highest level since Dec. 27

** Mineral explorer says it has started drilling at Leviathan high-grade rare earth oxide (REO) target in its Yarri project in Western Australia

** About 100,000 shares change hands, compared with the 30-day average volume of 59,674

Reporting by Aaditya Govind Rao in Bengaluru

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** Shares of Australia's Solstice Minerals SLS.AX rise as much as 5.3% to A$0.100, posting their biggest intraday pct gain since Dec. 14, 2023

** Stock hits its highest level since Dec. 27

** Mineral explorer says it has started drilling at Leviathan high-grade rare earth oxide (REO) target in its Yarri project in Western Australia

** About 100,000 shares change hands, compared with the 30-day average volume of 59,674

Reporting by Aaditya Govind Rao in Bengaluru

Juniper Networks jumps on likely $13-bln buyout by HPE

Boeing slips for second day

Bias remains for policy to stay tight - Atlanta Fed's Bostic

Updated at 4:00 p.m. ET/2100 GMT

NEW YORK, Jan 9 (Reuters) - The S&P 500 and Dow lost ground and closed lower on Tuesday, pressured by a modest rise in Treasury yields as investors assess the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.

Expectations the central bank could begin cutting rates as soon as March have been slowly decreasing, with CME's FedWatch Tool showing a 65.7% chance for a cut of at least 25 basis points (bps) for the month, down from 79% a week ago.

That has helped keep U.S. Treasury yields hovering near the 4% mark, with the benchmark 10-year yield US10YT=RR last up slightly at 4.01% after reaching a high of 4.053% earlier in the session.

Investors are bracing this week for more Treasury supply and inflation data through the consumer price index (CPI) and producer price index (PPI). Earnings season unofficially begins on Friday, with reports from banks such as JPMorgan JPM.N .

\"It's all speculation on what the Fed may or may not do and the bond market clearly got ahead of itself in anticipating rate cuts starting in March,\" said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.

\"The fed futures will move around based on earnings definitely and on the data. ... The market is just jumping one way or the other trying to get ahead of things if they occur.\"

According to preliminary data, the S&P 500 .SPX lost 7.09 points, or 0.15%, to end at 4,756.45 points, while the Nasdaq Composite .IXIC gained 13.94 points, or 0.09%, to 14,857.71. The Dow Jones Industrial Average .DJI fell 157.91 points, or 0.43%, to 37,525.10.

The majority of the 11 major S&P sectors fell, with energy .SPNY the weakest with a decline of about 1.5% while tech .SPLRCT led gainers with a rise of only about 0.1%.

Stocks had rallied on Monday, with the Nasdaq and S&P 500 scoring their first daily percentage climbs of more than 1% since Dec. 21 and biggest one-day percentage advances since Nov. 14.

Atlanta Fed President Raphael Bostic on Monday stressed the need to keep monetary policy tight , while Fed Governor Michelle Bowman retreated from her persistently hawkish view and signaled a willingness to support eventual rate cuts as inflation eases.

Investors will parse Fed Vice Chair for Supervision Michael Barr's remarks for his perspectives on the policy outlook later on Tuesday .

Boeing BA.N weakened for a second straight session as the plane maker, main U.S. air regulator and U.S. airlines were still wrangling over 737 MAX 9 inspection guidelines that would address safety lapses after airlines found several aircraft with loose parts. The parts were found on grounded 737 MAX 9s in the wake of last week's emergency landing of an Alaska Airlines flight after a panel blew off.

Juniper Networks JNPR.N surged after a source told Reuters that Hewlett Packard Enterprise HPE.N was in talks to buy the networking product maker in a $13-billion deal. The server maker dropped 7.3%.

Reporting by Chuck Mikolajczak; Editing by Richard Chang

Jan 9 (Reuters) - Alaska Air Group Inc ALK.N :

ALASKA AIR SAYS HAVE CANCELLED ROUGHLY 109 FLIGHTS FOR WEDNESDAY DUE TO THE 737-9 MAX GROUNDING

Further company coverage: ALK.N

CHICAGO, Jan 9 (Reuters) - Chicago Board of Trade wheat futures finished higher on Tuesday in a turnaround from steep losses on Monday.

Global export business helped support futures, analysts said.

Egypt said it bought 420,000 metric tons of Russian and Ukrainian wheat in an international tender.

Traders were also monitoring a spell of freezing temperatures in France , which could add to problems for wheat growers after a rain-disrupted sowing campaign.

On Friday, the U.S. Department of Agriculture is slated to issue a quarterly report on U.S. grain stocks, along with monthly data on global agricultural supplies and demand.

CBOT March wheat WH24 settled up 13-3/4 cents at $6.10 per bushel.

K.C. March hard red winter wheat KWH24 ended up 11-3/4 cents at $6.27 per bushel, and MGEX March spring wheat MWEH24 last traded up 3 cents at $7.05-1/2 per bushel.

Reporting by Tom Polansek; Editing by Sandra Maler

CAIRO, Jan 9 (Reuters) - Yemen's Houthi group Ansarullah targeted a vessel in the Red Sea, a Yemeni military source told Al Jazeera on Tuesday.

Earlier on Tuesday, the United Kingdom Maritime Trade Operations (UKMTO) organization received a report of an incident in the Red Sea approximately 50 nautical miles west of Yemen's Hodeidah.

Yemen's Iranian-backed Houthi militants have stepped up attacks on commercial vessels in the Red Sea in protest against Israel's war in Gaza. Various shipping lines have suspended operations , instead taking the longer journey around Africa.

The Houthis have vowed to continue attacks until Israel halts the conflict in Gaza, and warned that it would attack U.S. warships if the militia group itself was targeted.

Reporting by Enas Alashray; Editing by Franklin Paul

MEXICO CITY, Jan 9 (Reuters) - Tests were negative for traces of salmonella at a cantaloupe-processing plant in Mexico amid an investigation into a deadly outbreak in the United States and Canada, Mexico said on Tuesday.

Mexican health officials in December ordered the temporary closure of the plant in the northern state of Sonora and took samples from surfaces and water.

Those samples were analyzed by a laboratory and did not detect the presence of salmonella strains, Mexican agriculture and health authorities said in a statement.

A new analysis of water, product and surface samples in production and packaging plants will be carried out in February, the statement added.

At least 11 deaths in the United States and Canada have been linked to the outbreak. Four deaths were reported by the U.S. Centers for Disease Control and Prevention (CDC) and seven were reported by Canada's public health agency (PHAC).

Health authorities in both countries have implicated Mexico's Malichita- and Rudy-branded cantaloupes as the sources of the outbreak and issued recalls of the fruit.

Australia

High Purity Thulium Reporting by Cassandra Garrison; Editing by Mark Porter