Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
[US Stock Market Close] US military urges Iranian civilians to stay away from the Strait of Hormuz, warning it may become a target. Oil prices rise 4%. Dow drops 289 points. Nasdaq remains steady.
U.S. Central Command issues warning to Iranian civilians, stating that the Iranian regime is using civilian ports along the Strait of Hormuz for military operations, threatening international shipping, and becoming legitimate military targets under international law. Oil prices rise again, with the Dow Jones dropping up to 520 points.
See the US stock market close:
The Dow closed at 47,417 points, down 289 points; the S&P 500 retreated 0.08%, to 6,775 points; the Nasdaq rebounded slightly by 0.08%, to 22,716 points. Oracle’s earnings and outlook exceeded expectations, with shares soaring 9.2%; Nvidia rose 0.7%.
Oil prices continue to rise, with New York crude settling at $87.25, up 4.55%; Brent crude settled at $91.98, up 4.76%.
Iranian media report that the Islamic Revolutionary Guard Corps issued a statement claiming that the Mayuree Naree was attacked after ignoring warnings from the IRGC Navy. According to shipping website marinetraffic, the Mayuree Naree is currently in the Strait of Hormuz.
The Associated Press quotes a military spokesperson saying: “The policy of proportional retaliation has ended; from now on, our policy will be continuous strikes. No oil shipment through the Strait of Hormuz will be allowed to benefit the U.S., Zionist regime, and their partners.”
However, Japan and other countries will release oil reserves. The International Energy Agency (IEA) issued a statement saying that its 32 member countries agreed on Wednesday (the 11th) to release 400 million barrels of emergency oil reserves, the largest ever, to address the chaos in the oil market caused by the Middle East war.
Chubb Insurance will lead a U.S. government-backed plan to insure ships crossing the Strait of Hormuz. As part of a $20 billion initiative, Chubb will cooperate with the U.S. International Development Finance Corporation (IDFC) to help oil tankers and other commercial vessels resume navigation under the threat of Iran’s war risks.
U.S. February inflation data met expectations, with overall CPI rising 2.4% year-over-year, and monthly increase rising 0.1 percentage points to 0.3%; core CPI remained at 2.5% annually, with a monthly increase falling 0.1 percentage points to 0.2%. Notably, this does not yet reflect the impact of soaring international oil prices due to the Middle East conflict.
The Trump administration reportedly will launch a trade investigation to pave the way for new tariffs; The New York Times reports that after the Supreme Court rejected Trump’s tariff agenda, the Biden administration will announce a series of trade investigations on Wednesday (the 11th), under Section 301 of the Trade Act, covering digital service taxes and alleged currency manipulation, marking an important step in rebuilding the “tariff wall.”
Hong Kong stocks and ADR markets continue to update, see: next page
Market Trends:
【21:30】Dow opens down 22 points at 47,683; Nasdaq up 0.3% at 22,765; S&P up 7 points at 6,788.
【19:04】Dow futures up 133 points; Nasdaq futures up 0.2%; S&P futures up 16 points.
【01:50】Dow futures up 121 points at 47,866; S&P futures up 18 points at 6,805; Nasdaq futures up 58 points or 0.2% at 25,041.
【12:47】【Iran Crisis】Oil prices rise; Fed stance shifts hawkish? US banks warn market may be misjudging the situation; large rate cuts possible.
【10:48】【Iran Crisis】EIA forecasts Brent crude will stay above $95 for the next two months, expected to fall back to about $70 by year-end.
【09:53】Nvidia partners with competitors of OpenAI, providing 1 gigawatt Vera Rubin chips to Thinking Machines.
【08:59】【Fed Chair】Senator Thom Tillis meets with Waller, reiterates opposition to Powell’s nomination before DOJ investigation ends.
【08:31】【Iran Crisis】IEA reportedly proposes releasing over 180 million barrels of oil reserves; oil prices turn from rising to falling.
【07:45】【AI & Defense】Anthropic claims its AI tools are blacklisted, potentially costing the company billions.
【07:25】【AI & ORCL】Oracle earnings beat expectations, surging 8% after hours.
【06:26】【Iran Crisis】Iran plans to lay mines in the Strait of Hormuz, with thousands in stock; Trump warns of unprecedented military consequences (updating).
Below $1: US stock market on March 10====
Tuesday: White House: US did not escort oil tankers through the Strait of Hormuz; Dow down 34; oil prices sharply recovered
Market focuses on latest developments in Middle East, oil prices remain soft, Dow turns lower. U.S. Energy Secretary Chris Wright posted on social media that the U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz, but the post was soon deleted. White House spokesperson Karoline Leavitt said the U.S. did not escort ships.
See the US stock market close:
The Islamic Revolutionary Guard Corps responds that the so-called U.S. military escort is a complete lie; any actions by the U.S. and its allies will be blocked within Iran’s missile and drone range.
Market hopes for an end to the US-Iran conflict; NYMEX crude settled at $83.45, down 11.94%; Brent crude also fell 11.28%, to $87.8.
The Dow once rose 479 points, but closed down 34 points at 47,706; the S&P fell 0.21%; the Nasdaq edged down 0.01%, while the China concept index, the Golden Dragon Index, rose 1.96%.
U.S. Secretary of Defense Pete Hegseth said Tuesday would be the most intense day of military action against Iran so far, with the most aircraft and bombers deployed. Chairman of the Joint Chiefs of Staff Gen. Caine said the U.S. is striking Iranian missile and drone vessels.
Hegseth stated this is a targeted, precise strike, not a long-term “nation-building” war.
UAE oil refinery halted operations after drone attacks. Seven countries’ energy ministers (Canada, France, Germany, Italy, Japan, UK, US) held a meeting Tuesday to discuss releasing oil reserves. CNBC sources say the U.S. considers a joint release of 300-400 million barrels of crude appropriate.
Amazon is returning to the bond market, with Bloomberg citing that the company is issuing up to 11 tranches, with maturities from 2 to 50 years. The longest tranche, maturing in 2076, is preliminarily priced about 1.55 percentage points above U.S. Treasuries.
The dollar index fell 0.3%, to 98.93; U.S. 10-year Treasury yields steadied at 4.159%. Gold rebounded 1.9%, to $5,206 per ounce.
Key stocks: Memory stocks continued to rebound, with Micron (MU) up 3.5%, back above $400; SanDisk (SNDK) up 5%.
Oracle (ORCL) will report earnings after market close.
J.P. Morgan’s global multi-asset team heads Adam Hetts and Oliver Blackbourn warn that supply disruptions, rising oil and natural gas prices, and lack of clear cooling pathways are increasing inflation risks and market volatility. If conflict persists, economic pressures could deepen; but political considerations in the U.S. may also lead to quick resolutions, keeping asset outlook uncertain.
Hong Kong stocks and ADR markets continue to update, see: next page
Market Trends:
【21:30】Memory stocks rebound; Micron up 2%; Dow up 101 points; Nasdaq up 0.3%; oil prices retreat 8%.
【18:00】Dow futures up 101 points; Nasdaq futures up 0.3%; oil prices retreat 7%; Oracle reports earnings after close.
【12:43】Dow futures down 183 points, at 47,586; S&P futures down 24 points, at 6,777; Nasdaq futures down 84 points or 0.3%, at 24,906.
【12:09】【Apple】Apple reduces dependence on China; iPhone production in India now accounts for 25%.
【11:00】【AI & Defense】Anthropic sues, demands U.S. Department of Defense remove from blacklist.
【10:33】【Iran Crisis】Oil surges past $100, NYMEX crude jumps 30%, more Middle Eastern producers cut output.
【10:20】【Iran Crisis】Oil prices spike, dragging down Asia-Pacific stocks; Japan and Korea down over 7%; South Korea considers oil price cap measures.
【09:56】【Iran Crisis】JPMorgan estimates Middle Eastern oil capacity will decrease by 4 million barrels daily by next weekend.
【09:50】【Iran Crisis】Schroders’ Tedder: Oil may hit $100; “I won’t reduce energy stocks in next 2-3 years.”
【08:17】【Iran Crisis】Gold drops over 2%, testing $5,000; oil surge intensifies inflation fears.
【07:30】【Iran Crisis】Black Monday begins; oil up 20%, approaching $111; Trump: small cost, Dow futures plunge 1,112 points (updating).
【07:30】【Global Outlook】Focus on Middle East conflict and U.S. inflation data; U.S. markets open an hour earlier for summer time.
【07:30】Concerns over oil supply disruptions and worse-than-expected U.S. jobs data caused last Friday’s sharp decline; Dow once fell 945 points to 47,009; VIX volatility index surged 21.6% to 28.88. Dow closed down 453 points; S&P down 1.33%; Nasdaq down 1.59%.
See the US stock market close:
The US stock market activity last week, details at: 【US Market Close】 Iran fires missiles at “Lincoln” again; Brent surpasses $92; weak jobs report drags Dow down 453 points; Nasdaq drops 1.6%.