Global Markets: U.S. Major Indices Mixed, Most Popular Chinese Concept Stocks Up, NIO Surges Over 15%

U.S. Stock Market: The three major U.S. stock indices closed mixed on March 10. At the close, the Dow Jones Industrial Average fell 34.29 points to 47,706.51, down 0.07%; the S&P 500 declined 14.51 points to 6,781.48, down 0.21%; the Nasdaq Composite rose 1.15 points to 22,697.1, up 0.01%.

Large tech stocks were mixed; Intel rose over 2%, Nvidia and Meta gained more than 1%, while Apple, Amazon, and Google saw slight increases. Microsoft and TSMC declined slightly.

In earnings news, Oracle reported Q3 revenue of $17.19 billion for fiscal 2026, up from $14.13 billion in the same period last year; adjusted EPS was $1.79. GAAP net profit was $3.7 billion, non-GAAP net profit was $5.2 billion, representing a 23% increase in USD terms and an 18% increase at fixed exchange rates. Oracle surged over 8% after hours. AVAV’s Q3 revenue for fiscal 2026 was $408 million, up 143% year-over-year, mainly driven by product sales of $138.1 million and service revenue of $102.3 million. The acquisition of BlueHalo on May 1, 2025, contributed $85.1 million in product and service revenue this quarter. Business segments include Autonomous Systems (“AxS”) with revenue of $278.7 million and Space, Cyber, and Directed Energy (“SCDE”) with $129.3 million.

Optical communication concepts surged; AAOI rose nearly 9%, Lumentum gained over 4%. Storage stocks also rose; SanDisk up over 5%, Micron Technology up over 3%, Western Digital up over 1%.

Most popular Chinese concept stocks increased; the Nasdaq China Golden Dragon Index rose 1.96%. NIO surged over 15%, achieving its first quarterly profit. Futu Holdings gained over 7%, iQiyi up over 5%, Alibaba up over 3%, and Xpeng Motors up over 2%.

European Markets: The three major European stock indices all rose on March 10. The FTSE 100 closed at 10,412.24, up 162.72 points or 1.59%. France’s CAC 40 closed at 8,057.36, up 142.0 points or 1.79%. Germany’s DAX closed at 23,968.63, up 559.26 points or 2.39%.

Commodity Markets: International oil prices declined on March 10. At the close, NYMEX WTI crude futures for the current month fell $8.38 to $86.39 per barrel, down 8.84%. COMEX gold futures rose $95.00 to $5,198.7 per ounce, up 1.86%. COMEX silver futures increased $4.05 to $88.57 per ounce, up 4.79%. Spot gold rose $56.11 to $5,192.92 per ounce, up 1.09%. Spot silver increased $1.32 to $88.28 per ounce, up 1.52%.

Overnight Headlines

“Applying the brakes”? U.S. reports suggest Israel has been asked to stop attacking Iranian energy facilities

According to CCTV News, three informed sources revealed that the Trump administration has asked Israel to cease further airstrikes on Iran’s energy infrastructure, especially oil facilities. This is the first time since the U.S. and Israel jointly launched military action against Iran ten days ago that the Trump administration has constrained Israel’s military operations.

U.S. officials delete post claiming “naval escort of oil tankers through the Strait of Hormuz”; Iran responds: “Pure lies”

On the 10th, U.S. Energy Secretary Chris Wray posted on social media claiming that the U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure the continuous flow of oil to global markets. The post was soon deleted. A source said the U.S. Navy has not provided escort for oil tankers through the Strait of Hormuz. Over the past week, U.S. internal discussions have focused on timing and conditions for deploying naval escort operations.

Trump says war will end; U.S. Defense Secretary says he has no authority to comment

Although President Trump claimed that the conflict with Iran would “end soon,” Defense Secretary Lloyd Austin refused to comment on the current situation, saying he “has no authority to declare whether it is beginning, ongoing, or ending.” Austin spoke at a Pentagon briefing with Chairman of the Joint Chiefs of Staff General Caine. When asked about the status of the Iran conflict, he responded that it is Trump’s decision, “He controls the pace. He is the ultimate decision-maker.”

Nvidia makes major investment in Thinking Machines, plans to deploy 1 gigawatt of computing power for AI training

AI startup Thinking Machines Lab announced Tuesday that it has entered into a multi-year partnership with Nvidia, which will make a significant investment and purchase at least 1 gigawatt of Nvidia’s next-generation processors to train and run advanced AI models.

Russia and Iran presidents hold phone call to discuss bilateral relations and regional issues

According to the Kremlin on the 10th, Russian President Putin and Iranian President Raisi discussed bilateral relations and regional situations. Putin reaffirmed Russia’s principled stance, supporting the quick de-escalation of conflicts and resolving disputes through political means.

EIA: Iran war disrupts supply; Brent crude expected to stay above $95 for the next two months

On Tuesday, March 10, the U.S. Energy Information Administration (EIA) stated in its monthly report that due to disruptions caused by the Iran conflict, Brent crude oil prices are expected to remain above $95 per barrel for the next two months. Afterward, as supplies recover, prices may fall back to around $70 by the end of the year.

Not just oil prices! UN warns shipping disruptions could push up fertilizer and food prices

Amid escalating tensions in the Middle East, multiple attacks on ships suggest the Strait of Hormuz is effectively closed, shaking global oil markets. The UN’s latest report warns that this situation is also driving up food and fertilizer prices, which could hit poorer countries especially hard.

Amazon plans to raise up to $42 billion via cross-market bonds to fund AI military race

According to reports, e-commerce and cloud giant Amazon plans to issue bonds simultaneously in the U.S. dollar and euro markets, aiming to raise approximately $37 billion to $42 billion. Sources say Amazon is marketing up to 11 tranches of investment-grade USD bonds, ranging from 2 to 50 years, with a total target of $25 billion to $30 billion.

U.S. Department of Defense accelerates AI deployment; Google Gemini agents to be integrated into Pentagon systems

Emil Michael, Deputy Secretary of Defense for Research and Engineering, revealed that Google plans to introduce AI agents to 3 million Pentagon employees to automate daily tasks. He said Google’s Gemini AI agents can independently complete tasks after user assignment, initially operating on “non-classified” networks, starting with non-sensitive users before expanding to classified and top-secret levels.

U.S. Defense Secretary vows to launch “maximum strength” strikes on Iran to achieve three military objectives

According to CCTV News, on Tuesday, March 10, Defense Secretary Lloyd Austin stated that Iran suffered a “serious defeat” in the conflict, and U.S. forces will launch the “highest intensity” strikes today. Austin said, “Today will again be the day of our most intense strikes inside Iran,” using the highest number of fighters and bombers in the operation, targeting Iranian sites with the most precise and high-quality intelligence ever.

Disclaimer: This article is AI-generated for informational purposes only and does not constitute investment advice. Operate at your own risk. Eastmoney aims to disseminate more information and does not take any responsibility for the accuracy of the data. Please refer to the official disclosure media designated by the China Securities Regulatory Commission for any corrections. Eastmoney makes no guarantees regarding the completeness or accuracy of this information and is not responsible for any gains or losses resulting from reliance on it. Users assume all risks when using the service, and Eastmoney disclaims any warranties.