US Stocks Stage Dramatic Late-Night Reversal! Oil Prices Plunge, Trump: Military Action Against Iran to End "Very Soon"

K-LinePoet · 2026-03-16T17:29:51+00:00

U.S. stock market's three major indices collectively closed higher, with technology stocks showing strong performance. International oil prices experienced volatile fluctuations, with Trump stating that military action against Iran will end soon, which may impact global oil prices. Gold futures declined slightly, while silver rose.

K-LinePoet

2026-03-16 17:29:51

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【Dahua Financial Cube News】On March 9th Eastern Time, the three major U.S. stock indices closed higher collectively. The Dow Jones rose 0.5%, the Nasdaq increased 1.38%, and the S&P 500 gained 0.83%. At the market open, the Dow once dropped nearly 2%, while the Nasdaq and S&P 500 fell over 1%.

Large-cap technology stocks mostly rose, with Nvidia up over 2%, Google up more than 2%, Apple up nearly 1%, Tesla up 0.49%, Facebook up 0.39%, Amazon up 0.13%, and Microsoft up 0.11%.

The storage sector also performed well, with Seagate Technology and Western Digital rising over 6%, and Micron Technology up 5.14%.

Popular Chinese concept stocks mostly increased, with Kingsoft Cloud up over 19%, Brain Rebirth up more than 10%, Bilibili up over 6%, Xpeng Motors up over 6%, Canadian Solar up over 4%, and Shengmei Semiconductor up over 3%. iQIYI fell nearly 7%, and Zhaopin Medicine dropped over 2%.

In precious metals, COMEX gold futures fell 0.19% to $5,148.70 per ounce, while COMEX silver futures rose 3.60% to $87.34 per ounce.

International oil prices sharply declined from high levels. On March 10th, WTI crude oil opened with a straight drop of 10% to $85.52 per barrel, with the decline narrowing now. The previous day, U.S. oil surged over 30 intraday, approaching the $120 mark.

According to CCTV News, on the 9th, U.S. President Trump stated at a press conference in Miami, Florida, that the U.S. military action against Iran would “end very soon,” but “not” within this week.

Trump said that if Iran affects global oil supply, the U.S. will strike more forcefully; he also mentioned that when the time is right, the U.S. Navy will escort ships through the Strait of Hormuz.

Trump noted that international oil prices rose less than he expected, and he anticipated energy prices would increase even before initiating action against Iran. He said he would lift some oil-related sanctions to stabilize oil prices.

Editor: Li Wenyu | Reviewer: Li Zhen | Supervisor: Guzheng

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