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On August 16th, according to a report by the U.S. military newspaper Stars and Stripes on the 14th, the U.S. Navy recently discovered an unidentified drone at its largest base in Italy and implemented base-wide security measures. The report stated that the small drone was discovered on the 13th at a support point at the U.S. naval base, prompting security forces to take precautionary measures. Before and after the drones discovery, the U.S. naval base issued a brief shelter-in-place order at a location approximately 13 miles (21 kilometers) from the incident site. It is currently unclear whether this shelter-in-place order was related to the drone discovery, or whether a similar order was issued at the support point.August 16th - At 12:10 PM Beijing time on August 16, 2026, my country successfully launched 24 low-Earth orbit satellites for its satellite internet service using a Long March-12 carrier rocket from the Hainan Commercial Space Launch Site. The satellites successfully entered their predetermined orbits, and the launch mission was a complete success.According to the Jerusalem Post: The Israel Defense Forces killed senior Hezbollah commander Abu Hassan Alaa in a weekend attack on the Deir Zahrani region in southern Lebanon.August 16th - The 2026 Wenchang International Aerospace Forum will be held in Wenchang, Hainan from August 24th to 26th, showcasing the latest achievements of Hainans aerospace industry. The forum aims to seize the new opportunities presented by the industrialization of reusable rockets, gather global aerospace resources, and help strengthen the rocket, satellite, and data chains, as well as the "aerospace+" industry, building a comprehensive and multi-layered aerospace industry ecosystem. Hainan will fully promote the implementation of key projects, accelerate the formation of high-density, high-reliability, and low-cost commercial launch capabilities, and efficiently support the "hundreds of rockets, thousands of satellites" mission.August 16th - According to Indonesian rescue official Shafii, as of 9:00 AM on the 16th, the death toll from the 7.7 magnitude earthquake in Indonesia has risen to 51. According to the China Earthquake Networks Center, a 7.7 magnitude earthquake struck off the coast of Flores Island, Indonesia, on the morning of the 15th local time, with a focal depth of 20 kilometers. The tsunami warning triggered by the earthquake has been lifted. According to the Chinese Consulate General in Denpasar, the earthquake caused minor injuries to three Chinese citizens.

US Stocks Finish Mixed with NASDAQ Surprisingly Higher Despite Yields Rise

Florala Chen

Feb 15, 2023 16:33

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The main U.S. stock indices ended Tuesday's trading session in a tumultuous trade as investors evaluated the effect of the most recent consumer pricing data on the Federal Reserve's interest rate policy.


The erratic price movement roughly mirrored the January CPI increase but decline in the annual rate reported in the U.S. consumer pricing report. All we could determine at the session's conclusion was that inflation is still high but slowing.


The market seems to have come to the conclusion that the January data did not significantly alter market expectations on the Fed's course for future interest rate rises. This suggests that investors have already priced in two further Fed rate rises for March and June, with the terminal rate of the Federal Reserve coming in at around 5.28% in July.


However, as they rely more on recent economic data and Fed speakers for direction, investors could anticipate more of the same bumpy trading in the future.

The blue chip Dow Jones Industrial Average ended Tuesday's cash market trading at 34089.27, down 156.66 or -0.46%. The tech-heavy NASDAQ Composite closed at 11960.15, up 68.36 or +0.57%, while the benchmark S&P 500 Index ended at 4136.13, down 1.16 or -0.03%.

Gains Are Limited by the Increase in Treasury Yields

On Tuesday, the stock market battled the whole day, with advances perhaps being restrained by an increase in U.S. Treasury rates.


As investors analyzed the most recent consumer price index data and evaluated the Federal Reserve's tightening plan, the yields on the 10-year and 2-year Treasury notes increased. The 6-month Treasury yield rose to 5.022%, the highest level it has ended at or above since July 2007, which was the greatest surprise.

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