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 Market Close | Trump Says He Doesn't Want Ceasefire, Dow Down 443 Points, US Long-Term Bond Yields Hit Six-Month High, September Rate Hike Probability Reaches 40%
Tensions escalate in Iran conflict, President Trump on Friday told reporters, “I don’t want a ceasefire.” Energy prices fluctuate, the Dow drops over 600 points at one point; US long-term bond yields hit a six-month high, and market expectations for a September rate hike rise to 40%.
See US stocks closing:
The Dow closed down 443 points at 45,577; the S&P fell 1.51%, the Nasdaq dropped 2.01%. Friday was quadruple witching day for US stocks, with Tesla and Nvidia shares both down 3.2%. The US accused server manufacturer Supermicro Computer (SMCI) of smuggling Nvidia chips into China, causing its stock to plunge 33.3%.
According to US news site Axios, citing four sources, the Trump administration is considering occupying or blockading Iran’s Kharg Island to pressure Iran to reopen the Strait of Hormuz. The island handles 90% of Iran’s oil exports. Taking control could expose US troops to more direct fire. Currently, three different Marine units are heading to the area, and the White House and Pentagon are considering deploying more troops soon.
If successful, this could ease oil prices; if not, it could escalate conflict. Markets are betting on this, with Brent crude initially rising 2%, then fluctuating.
Sources say such action would only be taken after further weakening Iran’s military capabilities around the Strait of Hormuz. “We need about a month to strike and weaken Iran further, take this island, and hold their critical points as leverage for negotiations,” a White House source said.
Approval of the operation would require more troops. Currently, three Marine units are en route, and officials are considering deploying additional forces soon.
However, inflation pressures remain high. US 10-year Treasury yields rose to 4.387%, a six-month high, and the US dollar index increased 0.33% to 99.56.
CME FedWatch expects the Federal Reserve’s chance of rate hikes this year to rise from about 20% on Thursday (19th) to nearly 40%.
Fed officials continue to support easing policies. Fed Governor Michelle Bowman said she still supports three rate cuts by the end of the year to support employment but is watching the Iran conflict’s impact, though she believes it’s too early to judge.
Another Fed official, Christopher Waller, said that a closure of the Strait of Hormuz would imply greater inflationary pressures. While the situation’s development is uncertain, he does not think the rest of the year should be spent on hold. He acknowledged that if US employment weakens later this year, he would again advocate rate cuts, emphasizing that there’s no need to raise rates now.
Gold prices fluctuated, with spot gold down 3.32% at $4,496.51, the largest weekly decline since 1983; Bitcoin fell 2.73% to $69,398.
Hong Kong stocks and ADR markets continue to update; details on the next page.
Market trends:
【21:30】Trump may deploy troops and take control of Iran’s Kharg Island. Dow down 100 points; Supermicro plunges 28%.
【20:00】Trump may deploy troops and occupy Kharg Island. Dow futures down 134 points.
【15:14】Dow futures down 12 points at 46,329; S&P futures down 8 points at 6,652; Nasdaq futures down 60 points or 0.2% at 24,519.
【15:04】NY oil down 1% at $94.6; Brent down 0.3% at $108.3. Gold futures up 1.6% at $4,681; spot gold up 0.7%.
【15:04】【SMCI】Supermicro Computer night trading drops 20% after co-founder was indicted for allegedly smuggling AI chips into China.
【12:54】【Gold Price Analysis】Gold once tested $4,500, the weakest weekly performance in six years. Analysis: the safe-haven effect is not yet clear; short-term weakness expected.
【12:41】【AI + OpenAI】OpenAI plans to integrate ChatGPT, Codex, and launch a super app to simplify user experience and compete with Anthropic.
【11:19】【AI + Nvidia】Nvidia CEO Jensen Huang: Industry leaders should be cautious in speaking to avoid causing AI panic. “Warnings are good, scare tactics are not.”
【10:19】【Gold Price Trend】Gold faces its largest weekly decline in six years. How much is the two-ounce gold price now?
【08:20】【Iran Crisis】Israeli Prime Minister Netanyahu: No more strikes on Iran’s oil and gas facilities.
【07:58】【Iran Crisis】Bencet: Removing Iran’s oil sanctions allows oil to flow outside China, affecting market prices (updating).
【07:29】【Pearl Harbor】Trump meets Sanae Takamatsu. Japanese reporter: Why was the war not announced beforehand? Trump: You didn’t tell me about Pearl Harbor either.
$1 below for March 19 US stock market:
Thursday: Trump halts Israel’s attack on oil fields. Brent crude mostly gains, gold continues to fall.
After attacks on Middle East oil facilities, the US takes measures to increase oil supply, including possibly releasing strategic reserves, considering lifting sanctions on Iran’s oil, and approving Russian crude oil purchases. Oil prices rose then fell; Brent hit a high of $119.13, up 10.9%, closing at $107.83. NY oil rose 5.4%, reaching $101.48, then fell 0.2% to $96.14.
【E13】【US stock futures】Dow futures down 12 points; Nasdaq futures down 0.2%. Oil prices retreat; NY oil down 1% (updating).
See US stocks closing:
Trump states, “Israel will no longer attack this extremely important and valuable gas field,” and calls on Iran to exercise restraint. Later, at the White House, Trump said he told them not to do so.
US Treasury Secretary Bencet recently told CNBC that the US will not interfere in oil-related financial markets but may further release oil reserves to lower prices. He admitted the US might unilaterally release strategic petroleum reserves (SPR) again to reduce oil prices.
He also said rumors about US Treasury intervention in oil futures markets are false; the US will not do so or interfere in financial markets.
Global interest rate pressures push gold prices down, with gold falling 3.5% to $4,650.02, silver down 3.4% to $72.8251.
US stocks declined; Dow down 203 points, closing at 46,021; S&P down 0.3% at 6,606; Nasdaq down 0.3% at 22,090.
After meeting with Japanese Prime Minister Sanae Takamatsu, President Trump is expected to announce a nuclear power project in the southern US on Thursday (19th), a new initiative driven by the investment fund established under the trade agreement. Sources say GE Vernova (GEV) and Hitachi will build BWRX-300 small modular reactors in Tennessee and Alabama, costing up to $40 billion.
Japanese investment benefits US AI industry. Tech stocks narrowed losses or even rose. Nvidia (US: NVDA) down 1%; AMD (US: AMD) up 2.9%. Alphabet (Google’s parent) down 0.2%. Micron (US: MU) down 3.8% after earnings; Tesla (US: TSLA) down 3.2%.
**【E26】**Earlier, Reuters reported that Saudi Defense said a missile was intercepted over Yanbu, temporarily halting oil loading at Yanbu port, spiking oil prices. Later, Reuters reported Yanbu port resumed operations. The Saudi Defense also said a drone crashed at the SAMREF refinery (a key Yanbu oil facility), and damage assessment is ongoing.
Iran previously said that after attacks on its natural gas fields, the Yanbu-based SAmref refinery was one of the energy facilities targeted. Additionally, Qatar’s largest LNG export facility and the UAE’s gas fields have been attacked. Kuwait’s energy facilities were also hit, escalating Middle East tensions.
Hong Kong stocks and ADR markets continue to update; details on the next page.
Market trends:
【23:05】US and Japan to jointly build a nuclear project in the US South, with $40 billion investment. Micron’s decline narrows to 2%.
【21:30】US will not intervene in oil financial markets but may release reserves. May Brent crude up 5%, gold plunges 6%, Dow down 302 points.
【20:55】Bencet: US will not interfere in oil markets but may unilaterally release strategic reserves.
【17:55】Iran bombs Saudi oil refinery; Brent crude surges 10% to $120; Dow futures down 42 points.
【14:11】Dow futures down 10 points at 46,525; S&P futures down 4 points at 6,672; Nasdaq futures down 43 points or 0.2% at 24,608.
**【13:34】【MU analysis】**Micron reports after-hours down over 4%. Analysis: “This quarter’s earnings are equivalent to a full year’s profit,” with increased capital expenditure seen as a double-edged sword.
**【13:16】【US stock analysis】**Powell’s hawkish tone causes Dow to plunge over 700 points. Is oil price a good indicator for bottoming out?
【12:18】【US Federal Reserve meeting】A review of market commentary on the Fed’s March decision. Aberdeen estimates only one rate cut in September.
【11:13】【Yen trend】Bank of Japan keeps rates unchanged as expected; USD/JPY at 149.1.
【10:44】【Oil price trend】Brent surpasses $110; if escalation continues, $120 is the next target.
【10:37】【US stock focus】SEC approves Nasdaq’s “security tokenization” trial.
【10:11】【AI + chips】Elon Musk: a big fan of Nvidia; SpaceX AI and Tesla plan to order more Nvidia chips.
【08:47】【Gold trend】Gold stabilizes near $4,800 after six days of decline.
【07:42】【AI + MU】Micron’s strong earnings after hours, up 4%; capital expenditure expected to double in H2.
【07:01】【Iran crisis】Oil facilities targeted by both sides; Israel strikes Iran’s oil and gas fields, Iran hits US oil facilities in Middle East (updating).
【06:29】【US Federal Reserve】Powell: will remain chairman until successor is appointed; uncertain about Iran war’s impact; dot plot indicates one rate cut in 2026 and 2027.
$1 below for March 16 US market:**
Monday: Oil drops over 2%, Dow rises 387 points; Trump delays China visit by a month.
US dollar and oil prices decline; NY oil down 5.3% at $93.5; Brent down 2.4% at $100.66; dollar index down 0.6% at 99.8; 10-year Treasury yield drops 0.06% to 4.216%.
See US stocks closing:
As G7 major powers begin releasing strategic oil reserves, short-term supply is ample, but Iran’s ongoing crisis still troubles markets. Trump said he postponed his summit with Xi Jinping by about a month, citing the importance of directing the Iran war from Washington. The delay reflects Trump’s expectations about the duration of the Iran conflict.
The Dow rose 387 points, closing at 46,946; the S&P up 1% at 6,699; the Nasdaq up 1.2% at 22,374. Foreign media PBS reports Trump said Iran is not yet ready for a deal, and that once the war ends, oil prices will fall rapidly like a rolling stone. He believes the war won’t last long. He also said Iran has extensive infrastructure in Tehran that could be destroyed in an hour, but doing so would require years of rebuilding and cause trauma, so he prefers to avoid it. He also mentioned he does not want to damage pipelines on Kharg Island, as destruction would take years to reconnect.
US Treasury Secretary Bencet told CNBC that the US does not mind some Iranian, Indian, and Chinese ships passing through the Strait of Hormuz, considering Iran’s release of ships a natural opening, and hopes global oil supply remains sufficient. Any measures to ease oil prices will depend on how long the Iran conflict continues.
Key stocks: Nvidia (US: NVDA) up 2.6%, closing at $184.93, after Huang’s speech at GTC. Data center company Nebius (US: NBIS) up 15.4%, announced it will provide $12 billion of dedicated computing capacity for Meta (US: META) starting early 2027, with Meta committing to buy up to $15 billion more. Meta rose 1.9%.
This week’s focus: US February PPI data released Tuesday; Federal Reserve meeting on Thursday. Major central banks like ECB, BoE, and BOJ also hold meetings this week. Micron (US: MU) reports earnings Wednesday after market close.
Hong Kong stocks and ADR markets continue to update; details on the next page.
Market trends:
【22:55】Trump: Once the war ends, oil prices will fall sharply. Dow up 393 points; oil down 1%.
【21:30】Bencet: US does not oppose Chinese ships passing through the Strait of Hormuz. Dow up 369 points; oil down 1%.
【18:50】Middle East war enters third week. Dow futures up 152 points; Nasdaq futures up 0.7%. This week is a “super rate decision week.”
【13:47】Dow futures up 226 points at 47,112; S&P futures up 39 points at 6,724; Nasdaq futures up 147 points or 0.6% at 24,753.
【12:59】【AI + Chips】Tesla to develop its own chips? Elon Musk announces a giant AI chip factory “Terafab.”
【12:06】【AI + Gemini】Gemini now available in Hong Kong! Google to expand Gemini to all Hong Kong users, starting with web version, mobile app later.
【11:07】【Xi-Trump Meeting】Trump: “Possible delay” of meeting with Xi Jinping.
【10:14】【Iran Crisis】IEA: Over 400 million barrels of emergency oil reserves are about to be released, prioritizing Asia; Europe and US to wait until late March.
【19:28】【Gold Trend】Gold drops below $5,000 amid third week of Middle East war, oil prices continue rising.
【11:36】【Iran Crisis】US Energy Secretary: Cannot guarantee oil prices will fall in weeks; after hitting military facilities, will control the Strait (updating).
【07:30】【Global Outlook】This week is a “super rate decision week.” The Fed is expected to keep rates unchanged on Thursday.
【07:30】As Middle East tensions rise again, US stocks declined last Friday. The Dow briefly rose 446 points, then fell 183 points, closing at 46,558; down 119 points overall, S&P down 0.61%, Nasdaq down 0.93%.
See US stocks closing: