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On May 17th, CNN reported that multiple sources familiar with the matter revealed that U.S. officials suspect Iranian hackers may be behind a series of intrusions into fuel storage monitoring systems at gas stations in multiple states. Sources stated that the hackers exploited security vulnerabilities in the Automated Tank Measurement (ATG) systems, which are directly connected to the internet and lack password protection. This allowed hackers to gain access and, in some cases, even tamper with the data displayed on the tanks, without altering the actual fuel levels inside. There is currently no indication that these cyber intrusions caused any physical damage or personal injury. However, private security experts and U.S. officials have stated that these incidents have raised security concerns because, theoretically, gaining access to the ATG system could prevent fuel leaks from being detected in a timely manner.According to local media reports, a fire broke out at the Olmeca oil refinery in Mexico early Saturday morning.On May 17th, the Trump administration allowed a sanctions waiver that encouraged the sale of Russian crude oil to expire, despite concerns about tightening global oil supplies and rising fuel costs stemming from the Iran war. This expiration effectively ended the Trump administrations brief easing of sanctions on Russian oil. During this period, previously prohibited oil purchases were permitted. The Trump administration first issued waivers in March of this year, and then renewed them after the initial waivers expired in April. However, both waivers only applied to a portion of Russian crude oil already loaded onto tankers. These waivers have been highly controversial, particularly among the USs European allies. Europe argues that sanctions are a crucial means of cutting off Russian oil revenues and weakening Moscows ability to finance the Russia-Ukraine conflict. However, some countries, including India and Indonesia, have been lobbying the Trump administration to extend the sanctions waivers.Israel Defense Forces: Initial reports indicate that alarms have been raised regarding enemy aircraft infiltration in the Shlomi and Hanita areas. Further details are under investigation.Rocket sirens sounded in Hanita, northern Israel.

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.