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On May 18, according to Irans Mehr News Agency, Iranian security forces commander Ahmed-Reza Radan said that since the US and Israel launched their attack on Iran in late February, more than 6,500 spies and collaborators have been arrested. Radan also stated that Iranian police are continuing to hunt down individuals linked to hostile forces.On May 18, according to foreign media reports, approximately 23 oil tankers have been spotted near Irans main oil export hub. This is the largest gathering of vessels near the island since the US Navy began blockading Iranian ports, intercepting and seizing ships a month ago. Satellite images taken on May 16 show these tankers anchored around Kharg Island or docked at crude oil or liquefied petroleum gas loading and unloading terminals. The US non-profit policy consulting organization "United Nations Against Irans Nuclear Weapons (UANI)" confirmed the images, stating, "The gathering of ships around the island indicates that Irans crude oil and petroleum export system is facing increasingly serious delays and bottlenecks." However, analysis of tanker movements in the Persian Gulf has been hampered by unstable signals and limited satellite imagery. Reports indicate that activity around Kharg Island has slowed due to export disruptions leading to full storage facilities. With fully loaded tankers unable to leave the area and empty tankers unable to load crude oil, Iran will have to reduce its oil production.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 1.1 million shares for cancellation on May 18, 2026, for a total consideration of HK$500.7 million.Market news: Since the U.S. Navy began blockading, intercepting and seizing ships at Iranian ports a month ago, about 23 oil tankers have been spotted near Irans Kharg Island, the largest fleet to gather around the island.On May 18th, according to multiple sources close to ByteDance, Tomato Novels, a subsidiary of ByteDance, is pushing for AI-powered animation to be released in theaters. In this process, adaptation rights for top IPs on the Tomato Novels platform will be granted. According to the aforementioned sources, ByteDance has set an influence target for Tomato IPs, aiming to "make people inside and outside the industry feel that Tomatos productions are high-quality and positive." In terms of specific business operations, theatrical releases would be a good solution. Another source indicated that Red Fruit Comics is currently acquiring 120-minute undivided episodes of long-form content, a direction that major video platforms are currently vying for.

S&P 500 Rebounds As Tech Stocks Rally

Skylar Shaw

Dec 30, 2022 15:35


Stocks Rise Following Yesterday's Sell

As tech companies resumed upward momentum, the S&P 500 rallied in the direction of the barrier at 3860. The NASDAQ Composite, which is heavily weighted toward technology, increased 2.6% today.


Tax-loss selling most certainly caused yesterday's decline. Because deals take longer to settle, December 28 was the last day for tax-loss harvesting. Speculative traders took advantage of the fact that tax-loss sellers were not present today to drive stock prices upward.


The Initial Jobless Claims data, which matched analyst expectations, may have given markets further boost.


The recovery today is widespread, and all market categories are heading upward. Tech companies, which are making gains as Treasury rates retreat from recent highs, are driving the recovery.


Tesla, which was able to escape its annual lows, is among the notable gainers. The price of Tesla shares has increased by more than 5% so far today. Ford and General Motors were able to develop significant upward momentum as well.


Interestingly, despite declines in the oil and natural gas markets, energy equities are also rising. The market is in a positive mindset, and traders are eager to purchase equities across all industries. It should be mentioned that the trading volume is low since many traders have departed for holiday.


Traders who are more long-term oriented should not pay too much attention to market movements in the last weeks of the year.

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