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On March 29, the Wall Street Journal quoted a spokesman for the US Strategic Command as saying that several B-2 stealth bombers had flown from a base in Missouri to the US military base on Diego Garcia Island in the central Indian Ocean this week. Several strategic transport aircraft and refueling aircraft also arrived at the same time as the B-2 bombers. Diego Garcia Island is located at the junction of many routes in the Indian Ocean and has a very important strategic position. During World War II, it was a British air force base and an important naval port. After the United Kingdom and the United States signed an agreement in 1966, the United States leased Diego Garcia Island from the United Kingdom and established a large airport in the west of the island, which became an important base for the United States in the Indian Ocean. During the Gulf War, the Afghanistan War and the initial stage of the Iraq War, the US military launched air operations from Diego Garcia many times.March 29th news, On March 29th, at the 2025 Suzhou Sushang Conference, the "Suzhou City 2025 Action Plan for Optimizing the Business Environment" was officially released. The "Plan" launched 15 work measures around optimizing and improving the "five environments" of market, innovation, government affairs, rule of law, and humanities. The first is to create an open and orderly market environment. The "Plan" proposes to build a "financial supermarket" that combines online and offline by upgrading the comprehensive financial service platform to provide one-stop financial comprehensive consulting services. At the same time, optimize the financing coordination mechanism for small and medium-sized enterprises, promote non-repayment renewal loans, unsecured credit loans, first loans, inclusive loans in key areas, and refinancing services, and increase inclusive loans by no less than 100 billion yuan, so as to fully cover the reasonable refinancing needs of business entities. The second is to create a higher level of innovation environment. The third is to create an efficient and convenient government environment. The fourth is to create a stable and transparent legal environment. The fifth is to create a humanistic environment that is pro-business and safe for business.March 29th, Airbus announced that the European Space Agency (ESA) and Thales Alenia Space (67% owned by Thales Group and 33% by Leonardo) the main contractor of the ExoMars project have selected Airbus to build key systems for the ExoMars lander, including the mechanical, thermal control and propulsion systems required for the landing platform to ensure the safe delivery of the Rosalind Franklin rover to the surface of Mars.March 29th news: On March 29th, the Academy of Artificial Intelligence released the cross-entity embodied brain-brain collaboration framework RoboOS and the open source embodied brain RoboBrain. This is the first time in the market. This model can realize lightweight and rapid deployment of multi-tasks across scenarios and cross-entity collaboration, promoting single-machine intelligence to group intelligence.ASEAN foreign ministers said ASEAN is ready to support Myanmars relief and recovery efforts.

Wall Street Ends The Day With A Gain, And The S&P Snaps A Losing Streak

Charlie Brooks

Feb 24, 2023 11:34

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Thursday ended positively on Wall Street, with the S&P 500 snapping a four-session losing trend, as investors pondered the impact of interest rate policy on the U.S. economy.


This year, stock markets have been volatile, falling in February after a robust January as investors pondered the Federal Reserve's plans for interest rates. Data indicating a robust American economy have been interspersed with hawkish policymaker comments.


The number of Americans filing new claims for unemployment benefits decreased unexpectedly last week, the Labor Department reported on Thursday, reflecting constrained labor market conditions.


A separate report verified the economy grew robustly in the fourth quarter, with rising inventories accounting for the majority of the expansion.


According to the government's second estimate, the gross domestic product increased 2.7% in the fourth quarter. Economists predicted a 2.9% increase.


Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers Solutions, stated, "If you're a bull, you can find plenty of supportive factors, and if you're a bear, there are plenty of supportive factors you can refer to."


"There are so many cross currents that are moving in opposite directions that I find it extremely difficult to rely on one or two factors. This is causing a great deal of hand-wringing uncertainty, and as a consequence, we are range-trading."


The S&P traded below its 50-day moving average of 3,980 points for a portion of the day before rallying in the afternoon to close above 4,000 points for the first time this week.


According to Nomura strategist Charlie McElligott, this intraday decline was influenced by significant trades in short-dated derivatives, which piled on selling pressure.


Nvidia (NASDAQ:NVDA) Corp posted positive earnings and surged 14% after forecasting quarterly sales above estimates and reporting an increase in the use of its chips to fuel artificial intelligence services, thereby boosting buyer confidence.


Other chipmakers also increased in value, with Broadcom (NASDAQ:AVGO) Inc, Intel Corp (NASDAQ:INTC), and Qualcomm (NASDAQ:QCOM) Inc gaining between 0.6% and 1.8%. The Philadelphia SE Semiconductors index increased by 3.3%.


The Dow Jones Industrial Average increased 108.82 points, or 0.33%, to 33,153.91, while the S&P 500 gained 21.27 points, or 0.53%, to 4,012.32 and the Nasdaq Composite rose 83.33 points, or 0.72%, to 11,590.40.


Seven of the eleven main S&P 500 sectors advanced. Energy prices rose 1.3% due to higher petroleum prices, and the index ended a seven-day losing streak. This is the longest sequence of declines since a March 2017 slide of eight sessions.


Communication services was the largest decliner, dropping 0.7%. This was its fifth consecutive loss, mirroring the streak in October. It was weighed by Netflix Inc (NASDAQ:NFLX), which slipped 3.4% on reports the streaming service was reducing subscription prices in 30 countries.


Among other equities, eBay Inc (NASDAQ:EBAY) experienced the largest daily decline since September 13, falling 5.2% after forecasting weak demand in the first half.


Moderna (NASDAQ:MRNA) fell 6.7% to its lowest closing price since November 3 after the vaccine manufacturer reaffirmed its annual sales forecast of $5 billion for its COVID-19 vaccines, despite fourth-quarter sales exceeding estimates.


In contrast, Bumble Inc. rose 7.5%. The proprietor of the eponymous dating app projected annual revenue growth in excess of market expectations due to optimism regarding the growth of paying users.


Volume on U.S. exchanges was 10.43 billion shares, compared to the average of 11.59 billion shares over the previous 20 trading days.


The S&P 500 recorded seven new 52-week highs and three new lows, while the Nasdaq Composite registered 59 new highs and 128 new lows.