US Stock Movers | Bessent Reassures Market, Major Tech Stocks Rise Broadly, Meta Platforms(META.US)Up Over 3%

LootboxPhobia · 2026-03-16T14:54:07+00:00

On Monday, large-cap tech stocks broadly rose, with Meta, Nvidia, and Tesla posting significant gains. U.S. Treasury Secretary Bessent calmed the oil market, stating that oil prices would stabilize, which boosted risk asset sentiment and eased inflation concerns.

LootboxPhobia

2026-03-16 14:54:07

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According to Cailian Finance APP, on Monday, major tech stocks rose across the board, with Meta Platforms (META.US) up over 3%, NVIDIA (NVDA.US) up over 2%, Tesla (TSLA.US) up over 2.8%, Amazon (AMZN.US) up 0.8%, Apple (AAPL.US) up over 1%, Google (GOOG.US, GOOGL.US) up over 1.2%, Microsoft (MSFT.US) up 0.29%, and Broadcom (AVGO.US) up 0.14%.

On the news front, U.S. Treasury Secretary Yellen previously made statements to reassure the oil market, causing WTI crude oil to plunge by as much as 4% intraday, easing concerns about runaway inflation and boosting risk assets. In a recent interview, Yellen pointed out that the Strait of Hormuz faces supply challenges, but the current “naturally open” situation is temporarily alleviating extreme pressure. The U.S. government is tacitly allowing Iranian oil tankers to pass through to maintain global energy supply balance and prevent prices from spiraling out of control. She stated that oil prices could be “well below” $80 within a few months.

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