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On May 9, Ukrainian President Volodymyr Zelenskyy announced via social media that he had spoken with European Council President Costa, exchanging views on Ukraines cooperation with Europe and its integration into European integration. Zelenskyy stated that he and Costa focused on joint efforts to further Ukraines integration into Europe, clarifying Ukraines commitment to becoming a full member of the EU and that preparations are underway for initiating negotiations and subsequent decisions.On May 9th, the chairman of the Iranian Parliaments Energy Committee stated that production continues uninterrupted at multiple oil fields across the country. He asserted that the actions of adversaries targeting Iranian oil tankers are entirely illegal, and that pressure on Iranian oil exports has been ineffective. There are currently no official reports of an oil spill near Kharg Island. Earlier reports indicated that satellite images suggested a large-scale oil spill near Kharg Island, a key Iranian oil export hub, with pollution covering tens of square kilometers of sea surface.On May 9th, according to CCTV, Li Qiang chaired an executive meeting of the State Council, during which a report was heard on the construction of the national comprehensive transportation system. The meeting emphasized the need for coordinated advancement of transportation infrastructure construction, adhering to integrated planning and systematic integration, effectively utilizing existing resources and optimizing new supply. It stressed the importance of improving management and service levels, creating a more convenient travel environment to facilitate the smooth flow of people and goods, and promoting cost reduction, quality improvement, and efficiency enhancement in freight transportation. The meeting also called for deepening reform and innovation, building a unified and open transportation market, actively promoting the application of new technologies, developing new transportation business models safely and orderly, and cultivating more new growth points.On May 9th, according to CCTV, Li Qiang chaired an executive meeting of the State Council, which discussed and promoted work related to resolving local government debt risks. The meeting pointed out that since the implementation of the comprehensive debt reduction plan, significant progress has been made in resolving debt risks. It is necessary to continue focusing on key areas and weak links, improve policies supporting debt reduction, enhance local governments ability to repay debts independently, and ensure the timely completion of debt reduction tasks. It is also necessary to establish and improve a long-term mechanism to resolutely prevent the creation of new hidden debt.On May 9th, according to CCTV, Li Qiang chaired an executive meeting of the State Council, emphasizing the need to strengthen the planning and construction of water networks, new power grids, computing power networks, next-generation communication networks, urban underground pipe networks, and logistics networks. He stressed that efforts to ensure peoples livelihoods should focus on stabilizing employment and providing a safety net, while also improving education, healthcare, childcare, and rural development. He called for greater efforts and more concrete measures to strengthen basic research, placing it high on the agenda, identifying key areas and priorities based on both urgent national needs and long-term objectives, increasing investment through multiple measures, and fostering a favorable research environment.

The Dow Jones Industrial Average Closes Higher by 0.30 Percent

Charlie Brooks

Dec 14, 2022 10:44

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Following Tuesday's market close, the Oil & Gas, Technology, and Basic Materials sectors led to a rise in U.S. stocks.


The Dow Jones Industrial Average was up 0.30 percent, the S&P 500 index was up 0.73 percent, and the NASDAQ Composite index was up 1.01 percent at the close of trading on the NYSE.


Chevron Corp (NYSE:CVX) had the best performance on the Dow Jones Industrial Average for the session, increasing 2.23 percent or 3.78 points to $173.53. Salesforce Inc (NYSE:CRM) rose 1.91 percent, or 2.54 points, to end the day at 135.65, while Merck & Company Inc (NYSE:MRK) rose 1.78 percent, or 1.94 points, to 110.91.


Amgen Inc (NASDAQ:AMGN) had the worst performance during the session, declining 1.63 percent, or 4.52 points, to finish at 272.26. UnitedHealth Group, Inc. (NYSE:UNH) closed at 538.85, down 1.28 percent, or 7.01 points, while McDonald's Corporation (NYSE:MCD) closed at 272.28 down 0.85 percent, or 2.34 points.


Moderna Inc (NASDAQ:MRNA) rose 19.63% to close at 197.53, Halliburton Company (NYSE:HAL) rose 7.89% to 37.01, and Match Group Inc (NASDAQ:MTCH) rose 7.67% to 46.73.


In late trading, United Airlines Holdings Inc (NASDAQ:UAL) was down 6.94% to 41.17, Trimble Inc (NASDAQ:TRMB) was down 6.38% to 55.03, and American Airlines Group (NASDAQ:AAL) was down 5.20% to 13.25.


OpGen Inc (NASDAQ:OPGN) climbed 84.80% to $0.23, Vincerx Pharma Inc (NASDAQ:VINC) climbed 60.93% to $1.08, and Netcapital Inc (NASDAQ:NCPL) climbed 58.84% to $2.


Quotient Ltd (NASDAQ:QTNT) was down 50.01 percent to 0.34 in late trading, followed by Argo Blockchain PLC ADR (NASDAQ:ARBK), which was down 37.21 percent to 0.43, and Harpoon Therapeutics Inc (NASDAQ:HARP), which was down 36.87 percent to 0.89.


On the New York Stock Exchange, rising stocks outnumbered declining ones by a ratio of 2,164 to 931, with 112 ending unchanged; on the Nasdaq Stock Exchange, rising stocks outnumbered declining ones by a ratio of 2,099 to 1,650, with 171 ending unchanged.


Merck & Company Inc (NYSE:MRK) shares rose 1.78 percent, or 1.94 dollars, to 110.91 dollars, a record high. Quotient Ltd (NASDAQ:QTNT) shares dropped 50.01 percent, or $0.34, to an all-time low of $0.34. Argo Blockchain PLC ADR (NASDAQ:ARBK) shares fell 37.21 percent, or 0.26 points, to an all-time low of $0.43.


As measured by the CBOE Volatility Index, the implied volatility of S&P 500 options decreased by 9.80% to 22.55.


Futures on gold for delivery in February rose 29.60 cents, or 1.65%, to $1,821.90 per troy ounce. The price of crude oil for January delivery increased 2.99%, or $2.19, to $75.36 per barrel, while the price of Brent oil for February delivery increased 3.35 percent, or $2.61, to $80.61 per barrel.


EUR/USD climbed 0.88 percent to 1.06, whereas USD/JPY fell 1.48 percent to 135.63.


Futures on the US Dollar Index fell 1.09 percent to 103.62.