Global Markets: U.S. Major Indices Close Mixed; Most Large Tech Stocks Up; Oracle Surges Over 9%

U.S. Stock Market: The three major U.S. stock indices closed mixed on March 11. At the close, the Dow Jones Industrial Average fell 289.24 points to 47,417.27, down 0.61%; the S&P 500 declined 5.68 points to 6,775.8, down 0.08%; the Nasdaq Composite rose 19.03 points to 22,716.13, up 0.08%.

Most large tech stocks rose, with Oracle up over 9% after raising its fiscal year performance guidance. Tesla and Intel gained over 2%, while AMD, Nvidia, and Google saw slight increases. Apple, Microsoft, and Broadcom declined slightly.

In earnings news, UiPath’s Q4 revenue for fiscal 2026 was $481 million, up 14% year-over-year. Annual recurring revenue (ARR) grew 11% YoY to $1.853 billion. The company reported GAAP operating profit of $80 million and non-GAAP operating profit of $150 million, with a dollar-based net retention rate of 107%. As of January 31, 2026, cash, cash equivalents, and marketable securities totaled $1.69 billion.

Storage stocks rose, with SanDisk up nearly 6% and Micron Technology up nearly 4%. Gold stocks declined, with Harmoni Gold dropping nearly 11%, Coeur Mining down over 4%, and Hecla Mining down over 3%.

Most popular Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index down 0.77%. iQIYI, Tencent Music, and NIO all fell over 4%, while Bilibili and Kingsoft Cloud declined nearly 4%. Doyou jumped over 5%, and Li Auto rose nearly 3%.

European Markets: The three major European stock indices all declined on March 11. The FTSE 100 closed at 10,353.77, down 58.47 points or 0.56%. France’s CAC 40 closed at 8,041.81, down 15.55 points or 0.19%. Germany’s DAX closed at 23,640.03, down 328.6 points or 1.37%.

Commodity Markets: International oil prices rose on March 11. At the close, NYMEX WTI crude futures for the current month increased $4.96 to $88.41 per barrel, up 5.94%. COMEX gold futures for the current month fell $58.20 to $5,183.9 per ounce, down 1.11%. COMEX silver futures declined $3.68 to $85.91 per ounce, down 4.11%. Spot gold decreased $16.72 to $5,176.2 per ounce, down 0.32%. Spot silver fell $2.54 to $85.74 per ounce, down 2.88%.

Overnight Headlines

Largest Emergency Oil Reserve Release in History! IEA Announces 400 Million Barrels

To address supply disruptions caused by the Iran conflict, the International Energy Agency (IEA) agreed on Wednesday to release 400 million barrels of emergency oil reserves — the largest coordinated release in its history. Following the announcement, U.S. and Brent crude prices dipped briefly but quickly rebounded. Analysts believe that, given the near-closure of the Strait of Hormuz due to the Iran conflict, this measure will have limited impact on oil prices.

Iran Confirms Attacks on Ships in the Strait of Hormuz! Trump Says U.S. Military Will Escort if Necessary, but U.S. Military: Cannot

On March 11, Iran’s Islamic Revolutionary Guard Corps issued a statement reaffirming its absolute jurisdiction over the Strait of Hormuz. The statement claimed that the U.S. and its allies have lost the right to pass through the strait.

After Reversal of ‘Reciprocal Tariffs,’ U.S. February Tariff Revenue Drops Over $1 Billion

In February, U.S. tariff revenue was $26.59 billion, a decrease from the previous month, mainly due to the Supreme Court overturning most of President Trump’s tariff measures. According to the U.S. Treasury Department’s monthly report, January’s tariff revenue was $27.74 billion.

Trump Says Iran War ‘Almost Over,’ but U.S. and Israeli Military Planning at Least Two Weeks of Continued Strikes

According to CCTV News, President Trump stated on March 11 that there are “hardly any targets left to strike” inside Iran, and that U.S. military action against Iran is “about to end.” In a brief five-minute interview, Trump said, “All that’s left are scattered targets… As soon as I want to end the war, it can end at any time.”

OPEC Maintains Global Oil Demand Outlook, Market Watches Middle East Conflict Development

On Wednesday, OPEC kept its global oil demand forecast unchanged. Meanwhile, ongoing severe disruptions in the Gulf region due to Middle East conflicts have forced major oil producers to cut output. In its latest monthly report, OPEC projected that global oil demand will increase by 1.34 million barrels per day in 2027, slightly below the 1.38 million barrels per day increase expected in 2026, supported by a resilient global economy.

U.S. Military Threatens to Attack Iranian Civil Ports in the Strait of Hormuz; Iran Responds

On March 11, U.S. Central Command claimed Iran is using civilian ports along the Strait of Hormuz for military purposes and threatened military action. Iran’s military responded that such actions would turn all regional ports into “legitimate targets.” The CENTCOM statement said Iran’s navy has deployed warships and equipment at civilian ports, using them to threaten international shipping with military operations. If civilian ports are used for military purposes, they will “lose protection” and become “legitimate military targets,” and Iranian civilians should avoid entering these ports.

Meta Announces Development of Four Self-Designed Chips, Deployment Expected by End of 2027

Meta Platforms announced plans to deploy four in-house AI chips over the next two years to meet rapidly growing computing demands. On March 11, Meta’s official website revealed that the company is advancing its MTIA (Meta Training and Inference Accelerator) roadmap — developing four chips: MTIA 300, MTIA 400, MTIA 450, and MTIA 500.

Elon Musk’s AI Proxy Ambitions Quietly Transform, Tesla’s ‘Digital Optimus’ Takes Center Stage

Latest reports on Wednesday evening indicate that Tesla, under Elon Musk, is developing an AI proxy project. Meanwhile, the world’s richest man aims to replace Microsoft’s “Big M” project with AI, which has now stalled. Tesla’s AI proxy will not be called “Lobster,” but “Digital Optimus.”

G7 Leaders Hold Call to Discuss Middle East Situation; UK Prime Minister: Cooperation Needed to Address Conflict Impact

According to the UK Prime Minister’s Office, on March 11, G7 leaders held a phone call to discuss the latest Middle East developments and how to respond to the economic impacts. UK Prime Minister Rishi Sunak said that countries should work together to address the conflict’s economic effects, welcomed the decision by IEA members to release strategic oil reserves, and reiterated the importance of ensuring freedom of navigation in the Strait of Hormuz.

AI Cloud Company Nebius Receives $2 Billion Investment from Nvidia, Shares Surge Double Digits in a Single Day

On March 11, during U.S. trading hours, AI cloud company Nebius Group rose nearly 14%, after Nvidia announced a $2 billion investment in the company. Nvidia stated on its website that the two firms are forming a strategic partnership to jointly develop and deploy next-generation large-scale cloud services for AI, serving native AI developers and enterprise users.

Iran’s Sports Minister: Iran’s Team Cannot Participate in the US-Canada-Mexico World Cup

On March 11, Iran’s Sports Minister, Ahmad Donyamali, said in an interview that, considering current circumstances, Iran’s team cannot participate in this summer’s World Cup in the US, Canada, and Mexico. According to DPA, he stated during a TV interview that, due to US and Israeli military attacks on Iran, the team “has no conditions to participate” and “absolutely will not compete.”

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