【US Stock Market Pre-Market】Blinken: US Doesn't Mind Chinese Vessels Passing Through Strait of Hormuz; Dow Futures Up 369 Points, Oil Prices Fall (Continuously Updated)

U.S. Treasury Secretary Yellen, in an interview with CNBC, stated that the United States does not mind some Iranian, Indian, and Chinese ships passing through the Strait of Hormuz. She believes Iran’s allowing ships to pass is a natural open situation and hopes the global oil supply remains sufficient. She also mentioned that any measures aimed at easing rising oil prices will depend on the duration of the Iran conflict.

Brent crude oil futures rose by 2%, reaching $106.50 at one point, but after Yellen’s comments, it turned lower, currently at $102.01, down 1.1%. The U.S. dollar index is relatively weak, currently at 99.98, below the 100 level.

The Middle East conflict has entered its third week. U.S. stock futures rose before the market open on Monday, with Dow futures up 369 points at 47,253, S&P 500 futures up 64 points at 6,750, and Nasdaq futures up 287 points or 1.2% at 24,893. Today, the U.S. will release the March New York Fed Manufacturing Index, February Industrial Production, and March NAHB Housing Market Index. This week’s highlights include the U.S. February PPI on Tuesday and the Federal Reserve’s interest rate decision early Thursday Hong Kong time. Major central banks such as the European Central Bank, Bank of England, and Bank of Japan will also hold meetings this week. Additionally, Micron (NYSE: MU) will announce earnings after the market close on Wednesday.

In focus stocks, NVIDIA (NASDAQ: NVDA) rose 1% pre-market. The company held its GTC conference on Monday (16th), with market expectations that this GTC could signal three key developments: (1) helping integrate Groq technology to enter the AI inference market; (2) breaking TSMC’s monopoly with Samsung in the foundry sector, with OpenAI potentially becoming one of the first major clients; (3) further expansion of AI robotics and open-source model ecosystems.

Data center company Nebius (NASDAQ: NBIS) rose 14% pre-market. On Monday, the company announced it will provide $12 billion in dedicated computing capacity to Meta (NASDAQ: META) starting early 2027. Meta also committed to purchasing up to an additional $15 billion in computing capacity. Meta’s stock rose nearly 3% pre-market.

Hong Kong stocks and ADR markets are continuously updated. For details, see: Next Page

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Market Highlights:

【18:50】Middle East conflict enters its third week. Dow futures up 152 points, Nasdaq futures up 0.7%. This week is a “Super FOMC week.”

【13:47】Dow futures up 226 points, at 47,112; S&P 500 futures up 39 points, at 6,724; Nasdaq futures up 147 points or 0.6%, at 24,753.

【12:59】【AI + Chips】Tesla to build its own chips? Elon Musk announces the launch of a massive AI chip factory, “Terafab.”

【12:06】【AI + Gemini】Hong Kong also uses Gemini! Google: will further expand Gemini to all users in Hong Kong, starting with web version, mobile app coming later.

【11:07】【Xi-Trump Meeting】Trump says it’s “possible to delay” the meeting with President Xi Jinping.

【10:14】【Iran Crisis】IEA: Over 400 million barrels of emergency oil reserves are about to be released, prioritizing supply to Asia; Europe and the U.S. need to wait until the end of March.

【19:28】【Gold Price Trend】Gold falls below $5,000 as Middle East conflict enters its third week, oil prices continue to rise.

【11:36】【Iran Crisis】U.S. Energy Secretary: Cannot guarantee oil prices will fall within weeks. Will target military facilities first before seizing the strait (updating).

【07:30】【Global Weekly Outlook】This week is a “Super FOMC week.” The Fed is expected to keep interest rates unchanged on Thursday.

【07:30】As Middle East tensions escalate again, U.S. stocks declined last Friday. The Dow opened slightly higher but rose as much as 446 points before reversing to a 183-point decline, closing at 46,558, down 119 points. The S&P 500 fell 0.61%, and the Nasdaq dropped 0.93%.

See U.S. stock market close:

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U.S. stock market movements last week, for details see: 【U.S. Market Close】 Preview of next week’s aggressive stance on Iran, Dow down 119 points, Brent crude up 2.7% over $103.

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