NIO surges 10%, achieves profitability for the first time in a quarter! Bank stocks rebound, Citigroup rises 3.4% at one point; international oil prices plummet, Bitcoin breaks through $70,000

K-LinePoet · 2026-03-22T03:58:51+00:00

US stock market's three major indices opened with mixed performance, and technology stocks showed divergent trends. Bank stocks rebounded, with Citigroup posting the largest gain. Oil stocks declined, while mining stocks and optical communications concept stocks strengthened. NIO's US stock gains expanded, achieving profitability for the first time in a quarter. Gold and silver rose, but oil prices fell. Bitcoin and Ethereum both increased.

K-LinePoet

2026-03-22 03:58:51

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Edited by: Chen Kemin, Du Hengfeng Proofread by: Cheng Peng

The three major U.S. stock indices opened mixed. The Nasdaq rose 0.1%, the Dow fell 0.05%, and the S&P 500 declined 0.05%.

As of the report, the Nasdaq decreased 0.02%, the Dow dropped 0.47%, and the S&P 500 fell 0.31%.

In terms of sectors, non-ferrous metals, automobiles and parts, coal, and banking stocks led gains. Home appliance stocks saw the biggest declines.

Among the Big Seven tech giants, Tesla and Facebook rose over 1%, while Nvidia and Microsoft fell 0.2%.

Bank stocks rebounded, with Citigroup’s stock price rising as much as 3.4%, the largest increase since February 25. As of the report, Citigroup was up 2.83%, Lloyd’s and Barclays Bank rose over 2%, Morgan Stanley, Deutsche Bank, and Jefferies gained over 1%.

Oil stocks declined, with ConocoPhillips, ExxonMobil, and Chevron falling over 1%.

Mining stocks strengthened, with Coeur Mining up over 4%, Aethon Gold and Hecla Mining up over 3%, and Pan American Silver up over 2%.

Optical communication stocks generally gained strength, with AAOI up over 10%, Lumentum up over 9%, and Corning up over 4%.

The Livermore Chinese concept stock leader index opened up 1%. Among its components, JinkoSolar rose over 10%, Yuchai International and Century Internet increased over 4%.

NIO’s U.S. stock price surged to a 10% increase. News reports indicate that NIO achieved an operating profit of 1.25 billion yuan in Q4, marking the company’s first quarterly profit.

In precious metals, spot gold briefly surpassed the $5,200 mark. As of the report, spot gold rose 1.23% to $5,197.144 per ounce; spot silver increased 1.66% to $88.423 per ounce.

Regarding international oil prices, WTI crude oil futures and Brent crude oil futures both fell over 7%, at $87.87 per barrel and $91.32 per barrel, respectively.

In cryptocurrencies, Bitcoin rose 2.5%, breaking above $70,000; Ethereum increased 2.3%.

BTC-2.63%

ETH-3.25%

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