The three major U.S. stock indices all declined, and international oil prices rose nearly 10%

On March 9, U.S. stock market’s three major indices all declined. As of press time, the Dow fell 1.21%, the Nasdaq dropped 0.89%, and the S&P 500 declined 0.90%. Technology stocks broadly declined, with Western Digital down over 2%, and Amazon, Google, AMD, and Intel down over 1%. Oil stocks rose, with ConocoPhillips up nearly 1%.

In commodities, international oil prices surged then pulled back. As of press time, WTI crude futures rose nearly 10%, with intraday gains exceeding 30%.

Global News

Trump Says He Will Make a Decision to End Military Actions Against Iran at the “Appropriate Time”

U.S. President Trump told Israeli media on the 8th that he will make a final decision to end military actions against Iran at the “appropriate time.” In a phone interview with The Israel Times, Trump said the timing of ending the war with Iran will be a “joint decision” with Israeli Prime Minister Netanyahu.

Hamanai’s Son Takes Over as Iran’s Supreme Leader

On the 9th, local time, a reporter learned that Iran’s expert council has confirmed Mujetaba Khamenei as the new Supreme Leader of Iran. Public information shows Mujetaba Khamenei was born in 1969 and is the second son of the late Iran Supreme Leader Ali Khamenei.

G7 to Hold Emergency Meeting Tonight to Discuss Joint Release of Emergency Oil Reserves

Sources say G7 finance ministers will hold an emergency meeting on Monday to discuss the possibility of jointly releasing oil reserves coordinated by the International Energy Agency to address soaring oil prices caused by Gulf conflicts. According to an insider, including a senior G7 official, finance ministers and IEA Director Fatih Birol will hold a phone call at 8:30 a.m. New York time (8:30 p.m. Beijing time) on Monday to discuss the impact of the Iran war.

“Negative Non-Farm” Jobs Report Meets “Over $100 Oil Price”! The Fed Is in Big Trouble

Nick Timiraos, a well-known journalist dubbed the “New Federal Reserve Correspondent,” wrote over the weekend that the Fed’s biggest long-term concern has always been balancing fighting inflation and protecting employment. The non-farm payroll report released last Friday undoubtedly brought this dilemma closer to reality.

Middle East Conflict Gold “Stuck”! Dubai Wholesale Gold Prices Discounted — Where Will Gold Prices Go Amid Geopolitical Changes?

As one of the world’s major gold trading centers, Dubai’s gold market has seen a significant increase in trading volume, with some investors shifting funds into gold and other safe-haven assets. Meanwhile, due to flight cancellations and logistics disruptions, large amounts of gold remain in Dubai. High storage and funding costs have forced some traders to sell gold at discounts.

Will the US-Iran Conflict Crash the US Stock Market? Lessons from History: No Need to Worry, S&P 500 Will Rebound Quickly!

The S&P 500 index continues to decline, while international oil prices once approached $120 per barrel, reaching the highest level since late 2022. Generally, rising oil prices reduce corporate profit margins and consumer spending, harming the economy. High oil prices also exacerbate inflation, which may force the Fed to keep interest rates high for longer. This is clearly bad news for stocks.

Company News

Apple Plans to Launch New MacBook Ultra with First OLED Touch Screen by End of Year

On March 9, according to renowned tech journalist Mark Gurman in his “Power On” newsletter, Apple is accelerating its high-end laptop market strategy, planning to launch a new MacBook Ultra model by the end of 2026. This is not an iteration of the previously rumored M6 series MacBook Pro but a new ultra-high-end laptop.

McDonald’s CEO Faces Fake Eating Scandal Over New Product, Netizens Mock Heavy Acting, Burger “Only Superficially Wounded”

Recently, McDonald’s global CEO Chris Kempczinski’s video of tasting the new “Big Mac” burger sparked controversy. He bites the edge with a stiff expression and repeatedly calls the burger “product” instead of food, criticized for “physiological rejection” and “elitist detachment,” with netizens mocking “a superficial wound” and heavy acting, turning into a PR disaster.

Internal Executive Also Sabotages! OpenAI Hardware Head Resigns Over Pentagon Deal

After OpenAI reached an AI cooperation agreement with the U.S. Department of Defense, Caitlin Kalinowski, head of OpenAI’s robotics and consumer hardware division, announced her departure, citing concerns over the partnership. OpenAI plans to apply its AI systems to Pentagon computing systems, part of broader U.S. government efforts to incorporate AI into national security, sparking debate over AI regulation and use in the tech industry.

Latest U.S. Stock Ratings: CITIC Securities Maintains Broadcom “Buy” Rating with a Target Price of $450

Q1 FY2026 results and next quarter guidance exceeded expectations, with strong AI revenue growth and increased network share to 40%. The company secured core component capacity for 2026-2028 to ensure supply. Based on FY2026 37x PE valuation, the target price is $450, reflecting its leading position in AI chips and potential for hundreds of billions in revenue.