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According to EuroPravda, the Czech president stated that the goal of supplying Ukraine with 1.8 million rounds of large-caliber ammunition this year has been achieved.Iranian media reported that 18 crew members of a foreign oil tanker seized in the Gulf of Oman have been detained on suspicion of transporting "smuggled fuel."On December 13th, Han Wenxiu, Deputy Director of the Central Financial and Economic Affairs Commission and Director of the Central Rural Work Leading Group Office, stated that to ensure the success of next years economic work, it is essential to adhere to the principle of seeking progress while maintaining stability, improving quality and efficiency, strengthening counter-cyclical and cross-cyclical adjustments, and effectively enhancing the efficiency of macroeconomic governance. Since the Politburo meeting on September 26th last year, a series of policies and measures have been introduced and implemented, and additional policies will be introduced and implemented next year based on changes in the situation. It is crucial to leverage the integrated effect of existing and new policies to promote steady and positive economic growth. The market economy is largely an expectation economy; therefore, it is necessary to improve the expectation management mechanism, conduct effective economic publicity and public opinion guidance, respond promptly to market concerns, and effectively boost social confidence.On December 13th, it was reported that an EU official stated on the 12th that Ukraines accession to the EU before 2027 is "absolutely impossible." According to reports, a European diplomat said that Ukraines accession to the EU before 2027 is "extremely difficult," and it is unclear whether EU leaders support this plan. Hungarian Prime Minister Viktor Orbán stated on the 8th that the EUs admission of Ukraine would be tantamount to declaring war on Russia, and that the EU is preparing for war with 2030 as the target date.On December 13, Venezuelan President Maduro stated that the United States usual tactics of lying, coercion, extortion, and threats are "completely ineffective" and "will never work" against Venezuela, following the recent seizure of an oil tanker in waters near Venezuela and the announcement of new sanctions.

As Chipmakers Climb, Wall Street Begins Its Uptrend, Driven by Nasdaq

Skylar Shaw

Mar 31, 2022 11:34

(Reuters) – NEW YORK On Thursday, major U.S. stock indexes rose more than 1%, extending the market's recent rally, as investors bought beaten-down shares of chipmakers and strong growth companies and oil prices fell.


The shares of Nvidia Corp. rose 9.8%, driving a rise in the chip sector and reaching its highest level since mid-January. Intel Corp rose 6.9%, helping the S&P 500 and the Nasdaq to gain ground.


The Philadelphia SE semiconductor index.SOX rose 5.1 percent, its highest daily percentage rise since Feb. 15, but it is still down around 10% for the year. After being battered earlier this month, Apple shares are up for the eighth day in a row.


Six of the last eight days have seen the three major indexes rally, with all three rebounding after the S&P 500 and Dow both confirmed that they are in corrections, while the Nasdaq confirmed that it is in a bear market.


"The bear market was the best time to invest," said Jake Dollarhide, CEO of Tulsa, Oklahoma-based Longbow Asset Management, which manages roughly $50 million in assets. "At long last, people realized this is an excellent place to start."


He stated, "For the first time in a long time, they are recognizing greater value in technology."

After a big rise on Wednesday, oil prices have dropped. 


The number of Americans submitting new unemployment claims fell to a 52-1/2-year low last week, but unemployment rolls continued to fall, according to previous data.


The Dow Jones Industrial Average increased 349.44 points, or 1.02 percent, to 34,707.94, the S&P 500 increased 63.92 points, or 1.43 percent, to 4,520.16, and the Nasdaq Composite increased 269.24 points, or 1.93 percent, to 14,191.84.


The next steps in the Ukraine-Russia situation were closely monitored by investors. Western countries have decided to boost military aid to Ukraine while tightening sanctions on Russia, whose invasion of its neighbor has now reached its second month.


Uber Technologies Inc rose 5% after the ride-hailing company announced that it had achieved an agreement to list all cabs in New York City on its app.


The volume on US exchanges was relatively low, with 11.03 billion shares, compared to the 14.3 billion average for the prior 20 trading days.


On the New York Stock Exchange, advancers outweighed decliners 1.96 to 1; on the Nasdaq, advancers outnumbered decliners 2.03 to 1.


The S&P 500 index saw 29 new 52-week highs and four new lows, while the Nasdaq Composite saw 58 new highs and 60 new lows.


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