U.S. stocks ended higher on Tuesday.
The Dow Jones Industrial Average rose 135.6 points, or 0.3 percent, to 45,418.07. The Standard and Poor's 500 added 26.62 points, or 0.41 percent, to 6,465.94. The Nasdaq Composite Index increased by 94.978 points, or 0.44 percent, to 21,544.27.
Seven of the 11 primary Standard and Poor's 500 sectors ended in green, with industrials and financials leading the gainers by adding 1.03 percent and 0.76 percent, respectively. Meanwhile, consumer staples and real estate led the laggards by losing 0.46 percent and 0.32 percent, respectively.
U.S. stocks close higher
The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.
In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.
The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.
She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.
The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."
"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.
UNGA President warns global multilateral system "under attack"
