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Grok: Grok is experiencing a problem. Due to a data center outage, some Grok functions may be running slowly or temporarily unavailable. We are working on the issue.September 4th - According to foreign media reports, smart ring maker Ora has filed for an IPO, with data showing soaring revenue but also increasing losses. The company, which produces smart rings used to track health, fitness, and sleep, reported a net loss attributable to shareholders of $924.3 million on revenue of $1.21 billion for the nine months ended June 30th, compared to a net loss of $182.8 million on revenue of $697.6 million in the same period last year. The filing indicates that the losses include the impact of deemed dividends paid to holders of some redeemable convertible preferred stock.On September 4th, Volkswagen announced a comprehensive restructuring plan that aims to cut 50,000 jobs and potentially close some plants. This decision comes after lengthy negotiations with management, unions, and the government of Lower Saxony, Germany. The Volkswagen Group stated on Thursday that this restructuring will be the "most far-reaching transformation plan" in the companys history. Earlier this year, Volkswagen CEO Oliver Bloom proposed a plan that could cut up to 100,000 jobs and close up to four plants. Volkswagen stated that its supervisory board has confirmed approximately 500,000 units of excess capacity in Europe. The company noted that its plants in Emden, Zwickau, Hanover, and Neckarsulm currently have no competitive follow-up production projects for the next five to eight years and stated that it is simultaneously exploring alternative uses for these plants. Volkswagen also stated that the plan is expected to cut approximately 50,000 jobs across the group, including management positions.OpenAI: Pledged to invest $1 billion to subsidize Daybreak access, training, technical support, and partnerships.OpenAI: Launches Daybreak project for frontline defense personnel.

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.

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