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On February 8th, Shanshan Co., Ltd. announced that its controlling shareholder, Shanshan Group, its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd., the administrator of Shanshan Group, and the restructuring investors Anhui Wanwei Group Co., Ltd. and Ningbo Financial Asset Management Co., Ltd. signed a "Restructuring Investment Agreement." If the restructuring is successful, the companys control will change, with Wanwei Group becoming the controlling shareholder and the Anhui Provincial State-owned Assets Supervision and Administration Commission becoming the actual controller.February 8th - Data from the Ministry of Transport shows that on February 8th, the 7th day of the Spring Festival travel rush, the total number of inter-regional passenger trips is estimated at 224.28 million, a 0.8% increase compared to the previous day and a 0.8% increase compared to the same period last year. The 2026 Spring Festival travel rush has been underway for a full week since February 2nd. Data shows that in the first week of the Spring Festival travel rush, the total number of inter-regional passenger trips is estimated at 1,413.227 million, with a daily average of 201.89 million, a 2.0% increase compared to the same period last year.Ukrainian President Zelensky: Sanctions have been imposed on foreign manufacturers of some Russian drones and missile components.On February 8, Anlu Technology announced that its shareholders, namely the National Integrated Circuit Industry Investment Fund, Shenzhen Siqi, Silan Venture Capital, Silan Microelectronics, Anxin Partnership, Anluxin Partnership, and Xintian Partnership, plan to reduce their holdings by no more than 4% of the companys shares in total.February 8th - Iranian President Peskov stated on February 8th local time that the talks between Iran and the United States, facilitated by friendly countries in the region, were a step forward. Dialogue has always been a strategic choice for resolving issues peacefully. Iran and the United States held indirect talks on February 6th in Muscat, the capital of Oman. US President Trump stated on February 6th that the United States would resume negotiations with Iran earlier next week. He reiterated that Iran cannot possess nuclear weapons.

S&P 500 Index Outperforming NASDAQ Composite on Back of Strong Energy Sector

Eric Stanberg

Dec 22, 2022 16:21

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On the basis of Wednesday's pre-market trading, the main US stock indices are expected to rise. A great performance by Nike is supporting the markets, but lower Treasury rates are also contributing to some of the upward momentum.


Blue chip Dow Jones Industrial Average futures are now trading at 33367.00, up 314.00 or +0.95%, at 14:21 GMT. The tech-heavy NASDAQ Composite Index is trading at 11223.75, up 48.00 or +0.43%, while the benchmark S&P 500 Index is at 3877.25, up 28.00 or +0.73%.


Because Nike, a component of the Dow, is its strongest performer and posted an 11% rise during the pre-market session, the Dow is showing the largest gain.

Surge and Lifts Nike Dow, S&P 500

The Dow and S&P 500 are being supported by Nike's remarkable share performance. Late on Tuesday, the world's largest athletic shoe business released quarterly earnings that handily exceeded Wall Street's forecasts while also improving its outlook. The firm highlighted its achievement in reducing its sizable inventory stockpile.

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