Wall Street's hot start to the year is cooling a bit on Wednesday.

The S&P 500 was virtually unchanged in early trading, coming off its latest all-time high. The Dow Jones Industrial Average added 18 points, or less than 0.1%, to its own record set the day before, while the Nasdaq composite was 0.1% higher, as of 9:35 a.m. Eastern time.

U.S. forces have boarded a Venezuela-linked sanctioned oil tanker in the North Atlantic after pursuing it for weeks, a U.S. official said.

The official spoke to The Associated Press on Wednesday on the condition of anonymity to discuss sensitive military operations. The official said the U.S. military seized the vessel and handed over control to law enforcement officials.

China escalated its trade tensions with Japan on Wednesday by launching an investigation into imported dichlorosilane, a chemical gas used in making semiconductors, a day after it imposed curbs on the export of so-called dual-use goods that could be used by Japan's military.

The Chinese Commerce Ministry said in a statement that it had launched the investigation following an application from the domestic industry showing the price of dichlorosilane imported from Japan had decreased 31% between 2022 and 2024.

Germany's blue-chip DAX stock index jumped above 25,000 points for the first time Wednesday, following strong gains on Wall Street as hopes for the artificial intelligence boom bolster investor sentiment.

The index, which groups the 40 largest publicly traded companies on the Frankfurt Stock Exchange, hit the milestone shortly after opening, and was trading at 25,010 points at 9:15 am (0815 GMT).

The United States Embassy in Beirut said Wednesday that it welcomes the reform steps undertaken by Prime Minister Nawaf Salam's government, including the Cabinet’s approval of the gap law.

In a statement, the embassy said the gap law would help restore the confidence of international financial institutions, including the World Bank and the International Monetary Fund, in the Lebanese economy and support its recovery.

By Kamran Talattof, University of Arizona

A familiar slogan has echoed through the streets of various Iranian cities in recent days: "Neither Gaza nor Lebanon, I sacrifice my life for Iran."

The Association of Banks in Lebanon announced Monday that the government’s draft law on financial regulation and deposit recovery was issued “without any serious study of the figures required for its implementation.”

“If it were serious, the draft law should have been preceded by determining the size of the deficit, how it will affect the Central Bank of Lebanon and the banks, an accurate assessment of non-performing assets, the amount of funds required to repay the various deposit categories, and verification of the availability of the necessary liquidity,” ABL added in a statement after a meeting.

The European Union said Monday that member states had made "progress" towards approving the bloc's trade deal with the South American bloc Mercosur and that it hoped to sign the agreement "soon".

Diplomats have said the EU aims for a signature on January 12. European Commission chief spokeswoman Paula Pinho did not confirm the date but insisted the EU was on the "right track" to get the deal over the line in the near future.

Oil prices fell back Monday while the prices of precious metals surged as markets reacted calmly to the U.S. capture of Venezuelan President Nicolas Maduro in a weekend raid.

Asian shares rallied on heavy buying of tech-related stocks after modest gains Friday on Wall Street. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average was virtually unchanged.

Widening protests in Iran sparked by the Islamic Republic's ailing economy are putting new pressure on its theocracy.

Tehran is still reeling from a 12-day war launched by Israel in June that saw the United States bomb nuclear sites in Iran. Economic pressure, which has intensified since September when the United Nations reimposed sanctions on the country over its atomic program, has put Iran's rial currency into a free fall, now trading at some 1.4 million to $1.