U.S. stocks plummeted across the board late at night, with Cisco dropping over 12% and Apple falling 5%! Gold, silver, and oil prices all plunged collectively.

Big River Financial Cube News: On Thursday, local time (February 12), the three major U.S. stock indices all closed lower, with gold and silver plunging sharply overnight, including spot silver dropping over 11%.

At the close, the S&P 500 index fell 1.6% to 6,832.76 points, the Dow Jones Industrial Average declined 1.3% to 49,451.98 points, and the Nasdaq Composite dropped 2% to 22,597.15 points.

Storage concept stocks and food and beverage stocks led gains, with SanDisk and Seagate Technology up over 5%, Western Digital up over 3%, and Walmart rising 3.78% to a new all-time high. The precious metals and cryptocurrency sectors led declines, with U.S. Gold Corp, Pan American Silver, and Robinhood down over 8%, Coinbase down over 7%, and Circle down over 2%.

Large tech stocks all declined, with the U.S. Tech Seven Giants Index down 2.20%. Individual stocks included Apple down about 5%, Facebook nearly 3% lower, Tesla and Amazon down over 2%, Nvidia down more than 1%, Google down 0.63%, and Microsoft down 0.63%.

Cisco closed down 12.32%, with a trading volume of $5.187 billion. Cisco’s comments on the impact of memory prices pressured tech stocks on Thursday, with its stock experiencing the largest single-day decline since a 13.7% plunge on May 19, 2022.

Bank stocks all declined, with JPMorgan Chase down over 2%, Goldman Sachs down more than 4%, Citigroup down over 5%, Morgan Stanley nearly 5% lower, Bank of America down over 2%, and Wells Fargo down more than 3%.

Energy stocks also fell across the board, with ExxonMobil down nearly 3%, Chevron down nearly 2%, ConocoPhillips down 0.3%, Schlumberger down nearly 2%, and Occidental Petroleum down over 3%.

Chip stocks generally declined, with the Philadelphia Semiconductor Index down 2.5%. Marvell Technology fell nearly 4%, Intel down over 3%, ON Semiconductor down over 3%, Broadcom down more than 3%, and AMSlay down about 2%.

Chinese concept stocks mostly declined, with the Nasdaq Golden Dragon China Index down 3%, and the China Tech Dragon Index down 3.18%. Individual stocks included Tencent Music down over 10%, KE Holdings down nearly 6%, iQiyi down over 5%, Bilibili down nearly 5%, Baidu Group down over 4%, China Internet Plus down over 3%, Kingsoft Cloud up over 2%, and Atour up over 1%.

In the precious metals market, spot gold fell 3.17% to $4,921.70 per ounce. During the session, it once dropped over 4%, breaking below the $4,900 level, with a low of $4,877.75 per ounce. Spot silver plunged over 11% intraday, closing down 10.71% at $75.28 per ounce. As market risk aversion waned and industrial metal demand expectations were lowered, silver, with its stronger industrial attributes, experienced particularly significant declines. Gold was relatively more resilient but also under pressure. (Click to read:)

International oil prices also plummeted. By the close of the day, the NYMEX WTI crude oil futures for the current month fell $1.72, closing at $62.91 per barrel, a decline of 2.66%.