Tatum's jumper gives Celtics a 118-116 victory over the short-handed Pelicans

NEW ORLEANS (AP) — Jayson Tatum's jumper with 0.7 seconds left gave the Boston Celtics a 118-116 victory over the short-handed New Orleans Pelicans on Friday night.

Jaylen Brown scored 28 points and Tatum had 27 as the Celtics handed the Pelicans their fifth straight loss. New Orleans lost Dejounte Murray to a lower right leg injury in the first quarter.

Tatum had 22 points through three quarters before being held in check for much of the fourth. But the Celtics went to him after CJ McCollum's tying basket with 24 seconds left and he hit the eventual winner over McCollum from the left wing.

Trey Murphy had a season-high 40 points, going 8 for 12 on 3-pointers. Jose Alvarado added 20 points and McCollum had 17.

Luke Kornet and Kristaps Porzingis scored 13 of the Celtics’ first 17 points of the fourth quarter to build a 108-101 lead. Porzingis and Derrick White each had 16 points.

Celtics: The Celtics had 32 assists on 42 made field goals. Porzingis had four blocks.

Pelicans: Murray, who had averaged 17.9 points, 6.5 rebounds and 7.6 assists since returning from an early season broken hand that caused him to miss 18 games, fell to the court in the first quarter with a non-contact injury to his lower right leg. He was carried into the locker room. … Zion Williamson sat out with a stomach bug. He has missed 36 of 49 games this season.

McCollum threw up a 35-foot hook shot at the buzzer that fell short.

McCollum continued his poor outside shooting, going 1 of 7 from long range. He is 7 of 27 from 3 over the last four games.

The Celtics play in Philadelphia on Sunday night. The Pelicans open a four-game road trip Monday night against the Nuggets.

AP NBA: https://apnews.com/hub/nba

Boston Celtics forward Jayson Tatum falls to the court after being fouled in the second half of an NBA basketball game against the New Orleans Pelicans in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

Boston Celtics center Luke Kornet (40) slam dunks over New Orleans Pelicans guard Jose Alvarado (15) and guard Brandon Boston (11) in the second half of an NBA basketball game in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

Boston Celtics forward Jayson Tatum slam dunks in the second half of an NBA basketball game against the New Orleans Pelicans in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

Boston Celtics forward Jayson Tatum (0) slam dunks in the second half of an NBA basketball game against the New Orleans Pelicans in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

Boston Celtics center Luke Kornet (40) celebrates with forward Jayson Tatum (0) in the second half of an NBA basketball game against the New Orleans Pelicans in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

Boston Celtics forward Jayson Tatum celebrates with center Al Horford (42) after his go-ahead, game-winning shot in the final second of the second half of an NBA basketball game in New Orleans, Friday, Jan. 31, 2025. (AP Photo/Gerald Herbert)

NEW YORK (AP) — U.S. stock indexes are falling on Wednesday following mixed profit reports from several big banks.

The S&P 500 sank 0.8% and was on track for a second straight loss after setting its all-time high. The Dow Jones Industrial Average was down 177 points, or 0.4%, as of 2:18 p.m. Eastern time, and the Nasdaq composite was 1.5% lower.

Wells Fargo helped pull the market lower after falling 5%. The San Francisco-based bank reported weaker profit and revenue for the latest quarter than expected, with analysts citing lower trading fees and other miscellaneous items.

Bank of America fell 4.3% despite reporting a stronger profit than analysts expected, with some consternation about the size of its upcoming expenses. Citigroup, which is in the midst of a turnaround under Chair and CEO Jane Fraser, fell 4.2% following its own profit report.

Companies across industries need to report strong growth in profits to justify how high their stock prices have run recently. Analysts are looking for businesses across the S&P 500 to report earnings per share for the final three months of 2025 that are roughly 8% higher than a year earlier, according to FactSet.

Biogen sank 5.2% after the biotechnology company said it expects to take a hit to its profit for the fourth quarter of 2025 due to research and development expenses and other costs that it acquired.

The heaviest weights on the market were tech stocks, which gave back some of their huge gains made over recent years from the frenzy around artificial-intelligence technology. Nvidia fell 2.1%, and Broadcom sank 4.6%.

Still, nearly as many stocks on Wall Street rose as fell, and the strongest forces keeping the S&P 500 from steeper losses were Exxon Mobil and other oil companies.

Exxon Mobil rose 3.5%, and Chevron climbed 2.7% as the price of a barrel of benchmark U.S. crude added 1.3% to bring its gain for the year to more than 7%.

Oil prices have rallied as protests have swept Iran, which is a member of the OPEC group that helps set crude prices. The protests could lead to disruptions in production and squeeze supplies of crude.

Besides the rise in oil prices, gold's price also rose 0.9% toward a record in another signal of nervousness across financial markets.

In the bond market, Treasury yields sank as investors sought investments seen as safer. Several reports on the U.S. economy also came in mixed.

One said that shoppers spent more at U.S. retailers in November than economists expected. That could be an encouraging signal about the main engine of the U.S. economy, but economists pointed to some concerning signals were underneath the surface.

A separate report said prices rose modestly at the U.S. wholesale level in November. It followed a report on Tuesday that said inflation at the U.S. consumer level was close last month to economists’ expectations, though it remained above the Federal Reserve’s 2% target.

A third report said sales of occupied homes were stronger last month than economists expected. Taken altogether, the data did little to change Wall Street's expectation that the Federal Reserve will cut its main interest rate at least twice this year to shore up the job market, likely beginning around June, according to CME Group.

The yield on the 10-year Treasury fell to 4.14% from 4.18% late Tuesday.

In stock markets abroad, Japan’s Nikkei 225 rallied 1.5% to another record expectations grew that Prime Minister Sanae Takaichi may call general elections soon.

Indexes were mixed elsewhere. Stocks rose 0.6% in Hong Kong but fell 0.3% in Shanghai after a report showed China’s trade surplus surged 20% in 2025 to a record despite President Donald Trump’s tariffs.

AP Business Writers Yuri Kageyama and Matt Ott contributed.

Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Friday, Jan. 2, 2026. (AP Photo/Richard Drew)

A dealer watches computer monitors near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Jan. 14, 2026. (AP Photo/Lee Jin-man)

The screens show the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won are seen at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Jan. 14, 2026. (AP Photo/Lee Jin-man)

A dealer walks past near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Jan. 14, 2026. (AP Photo/Lee Jin-man)

A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Jan. 14, 2026. (AP Photo/Lee Jin-man)