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Bahrains Foreign Ministry: Bahrain condemns Irans latest attack.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.0 occurred at 11:39 on June 28 near the Haixi Prefecture of Qinghai Province (37.86 degrees north latitude, 95.42 degrees east longitude). The final result is subject to the official rapid report.On June 28th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), published an article stating that in May 2026, imported cars totaled 38,000 units, a 19% decrease; from January to May 2026, imported cars totaled 160,000 units, an 11% year-on-year decrease. With the rise of domestically produced cars and the accelerated localization of international brands, car imports have remained sluggish in recent years, with three consecutive years of negative growth. If the fluctuations are smoothed out, this would represent eight consecutive years of negative growth.June 28 - Reuters reported on the 27th, citing a U.S. official, that Iran launched missile and drone attacks on neighboring countries, including Bahrain and Kuwait. There are currently no reports of U.S. casualties, and U.S. facilities in the Middle East have not been significantly affected or damaged.June 28 - According to the Japanese Ministry of Internal Affairs and Communications Fire and Disaster Management Agency, as of 9:00 AM local time on the 28th, the earthquake that struck Yamanashi Prefecture on the evening of the 26th has injured 20 people.

S&P 500 Retreats As Tech Stocks Remain Under Pressure

Eric Stanberg

Dec 20, 2022 17:59



The S&P 500 tests new lows as traders continue to be alarmed by the aggressive Fed.


As investors continued to dump tech stocks, the S&P 500 dropped toward the 3815 level. Over 1% of the heavily tech-weighted NASDAQ Composite dropped during today's trading.


The yield-sensitive tech stocks were negatively impacted by today's increase in Treasury yields. As they lower risks, traders' top worry is still the hawkish Fed.


Large-cap stocks like Amazon and Meta are down more than 2% in today's trading session. While this is happening, energy stocks are rising as WTI oil was able to settle over the $75 level.