U.S. stocks close mixed as oil prices surge on renewed Mideast tensions

U.S. stocks closed mixed on Wednesday after U.S. President Donald Trump declared the U.S. ceasefire with Iran was "over" and threatened additional military strikes, triggering a sharp rise in oil prices.

The Dow Jones Industrial Average fell 1.09 percent to 52,348.39. The S and P 500 sank 0.28 percent to 7,482.71. The Nasdaq Composite Index increased 0.2 percent to 25,870.65.

Nine of the 11 primary S and P 500 sectors ended in the red, with materials and financials leading the laggards by dropping 2.49 percent and 1.92 percent, respectively. Meanwhile, energy and technology were the only gainers by rising 1.45 percent and 1.44 percent, respectively.

U.S. stocks close mixed as oil prices surge on renewed Mideast tensions

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 41 pips to 6.8036 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.8036 against USD Thursday