Airlines have canceled over 9,000 flights across the U.S. since the Federal Aviation Administration ordered flight cuts late last week. The cuts aim to ease demands on short-staffed control towers during the federal government shutdown.

On Tuesday, another 1,200 flights were canceled as the FAA increased its target for reducing flights at major airports. Flights are expected to remain disrupted even as the shutdown nears an end, and cancellations are unlikely to ease right away. The pace of airline ticket sales for Thanksgiving travel has slowed as more travelers have reconsidered whether to fly amid all the delays and cancellations.

Dow rallies 550 points to a new all-time high

Most U.S. stocks rose and carried the market back to where it was before last week’s swoon. The S&P 500 added 0.2% Tuesday after erasing a loss taken during the morning. It’s been bouncing around lately, coming off Monday’s vigorous rebound following its first losing week in four.

The Dow Jones Industrial Average rallied 1.2% to a record, surpassing its prior all-time high set two weeks ago. The Nasdaq composite lagged the market, though, as Nvidia got back to falling amid continued concerns that stocks caught up in the artificial-intelligence frenzy may have become too expensive. The Nasdaq dipped 0.3%.

Lawsuit challenges TSA pat-downs policy

A Virginia transportation security officer is accusing the U.S. Department of Homeland Security of sex discrimination over a policy barring transgender officers from performing security pat-downs. The Transportation Security Administration enacted the policy in February to comply with a Trump executive order declaring two unchangeable sexes.

The lawsuit, filed Friday, argues the policy violates civil rights laws. It also bars the officer from using restrooms aligning with her gender identity. TSA said it does not comment on pending litigation. DHS pushed back on assertions by some legal experts that its policy is discriminatory.

50-yr mortgage proposal has several drawbacks

The White House says it is considering a 50-year mortgage to address the home affordability crisis. Critics argue it won’t solve issues like supply shortages and high interest rates. Bill Pulte, director of the Federal Housing Finance Agency, called it a “game changer” for homebuyers.

He noted on X that it’s just one potential solution among others being considered. A 50-year mortgage would lower a borrower’s monthly payments but could dramatically increase their total interest paid. It would also delay equity accumulation compared to a 30-year mortgage.

Japan’s SoftBank sells shares in Nvidia for $5.8B

Japanese technology giant SoftBank says it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. Tokyo-based SoftBank Group Corp. said it sold the stake in October. It reported its profit in April-September soared to almost triple what it was a year earlier thanks to gains in its investment in Chat GPT creator OpenAI.

SoftBank is a major investor in the $500 billion Stargate project in the U.S. The company’s fortunes tend to fluctuate depending on its investments in a range of ventures, including through its Vision Funds. SoftBank’s stocks have about doubled in the past year. They gained nearly 2% on Tuesday.