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 a 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 a legitimate military target 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.
Fast News Agency quotes a military spokesperson saying: “The policy of proportional retaliation has ended; from now on, our policy will be continuous strikes. No oil vessel will pass through the Strait of Hormuz 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 (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 plan, Chubb will cooperate with the U.S. International Development Finance Corporation (IDFC) to help oil tankers and other commercial vessels resume navigation under the risk of Iran’s war.
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 easing 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 war.
The Trump administration reportedly will launch a trade investigation to pave the way for new tariffs; The New York Times citing sources says that after the Supreme Court rejected Trump’s tariff agenda, the White House will announce a series of trade investigations on Wednesday, under Section 301 of the Trade Act, covering digital service taxes and alleged currency manipulation, marking an important step in rebuilding the “tariff wall” of the Trump era.
Hong Kong stocks and ADR markets are continuously updated, 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’s stance turns hawkish? US banks warn: market may misjudge the situation, with a significant rate cut still possible.
【10:48】【Iran Crisis】EIA: Brent crude will stay above $95 for the next two months; expected to fall back to about $70 by year-end.
【09:53】Nvidia (NVDA): Partnership with OpenAI competitor; providing 1 GW 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, risking billions in losses.
【07:25】【AI & Oracle】Oracle (ORCL) beats earnings expectations, surges 8% after hours.
【06:26】【Iran Crisis】Iran plans to lay mines in the Strait of Hormuz; thousands of mines in stock. Trump warns of unprecedented military consequences (ongoing updates).
Below $1: US stock market overview for March 10====
Tuesday: White House: US did not escort oil tankers through the Strait of Hormuz; Dow down 34; oil prices narrow losses
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 Iran-U.S. 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%; Nasdaq rose slightly by 0.01%, reflecting the performance of Chinese concept stocks, with the Golden Dragon Index up 1.96%.
U.S. Secretary of Defense Pete Hegseth said Tuesday would be the most intense day of military actions against Iran so far, with the most fighter jets and bombers deployed. Chairman of the Joint Chiefs of Staff, General Milley, said the U.S. is striking Iranian missile and drone vessels.
Hegseth stated this is a targeted, precise strike, not a prolonged “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 citing sources reports 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 sources that the company is issuing up to 11 tranches, with maturities from 2 to 50 years. The longest tranche, maturing in 2076, is initially 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 continue 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 leaders Adam Hetts and Oliver Blackbourn warn that disrupted energy supplies, 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 U.S. political considerations might also quickly resolve the situation as a “victory” or rapid end, leaving asset outlook uncertain.
Hong Kong stocks and ADR markets are continuously updated, see: Next page
Market Trends:
【21:30】Memory stocks rebound; Micron (MU) 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 (ORCL) 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 reliance on China; India iPhone production now accounts for 25%.
【11:00】【AI & Defense】Anthropic sues, demands U.S. Department of Defense remove blacklist designation.
【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 mechanism.
【09:56】【Iran Crisis】JPMorgan: Middle Eastern oil capacity may 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 (ongoing updates).
【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 a major sell-off last Friday; Dow once dropped 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:
Last week’s US market movements, see: 【Market Close】 Iran fires missiles at “Lincoln” again; Brent exceeds $92; weak jobs data drag Dow down 453 points, Nasdaq down 1.6%