U.S. tech stocks rally across the board, with Oracle soaring 13% and Intel up over 4%. Gold and silver plunge, and Trump says military action against Iran is about to end.

On March 11, the three major U.S. stock indexes moved in different directions. As of 22:05 Beijing time, the Dow Jones fell 0.38%, the Nasdaq rose 0.58%, and the S&P 500 rose 0.21%.

U.S. technology stocks strengthened. The so-called “Magnificent Seven” in tech rose across the board: Tesla rose 2.8% to $410.4. According to Tesla’s latest update, the Shanghai super factory’s February 2026 delivery volume will be 58,600 units, representing a marked 91% increase compared with the same period last year.

Oracle rose more than 13%, posting its biggest gain since September last year. Adjusted revenue in the third fiscal quarter came in better than market expectations.

The entire semiconductor industry chain rose across the board, with the Philadelphia Semiconductor Index up more than 1%. United Microelectronics and Intel rose more than 4%; Micron Technology rose more than 2%; Advanced Micro Devices, TSMC, and Kioxia Semiconductor rose more than 1%.

Crypto-related stocks moved higher: Coinbase rose more than 2%, Strategy rose more than 2%, and Circle rose more than 3%.

On the downside, gold stocks fell. Harmony Gold fell more than 12%, Nova Gold Resources fell more than 6%, and CorDele? Mining fell more than 5%.

In terms of China concept stocks, most of the popular China concept stocks declined, with tech leading stocks falling. Tencent Holdings and Kingsoft Cloud fell more than 4%. Xiaomi (Xiaoma Zhixing), Huya, Bilibili, iQIYI, and Tencent Music fell more than 2%. Meituan and NetEase and Xiaomi fell more than 1%. New energy vehicle stocks rose: Li Auto rose more than 4%, XPeng rose nearly 3%, and NIO rose nearly 1%.

In precious metals, gold and silver continued to decline. As of 21:50 Beijing time, spot gold fell 0.6% to $5,158.78 per ounce. Spot silver fell 4.12% to $84.7 per ounce.

International oil prices saw sharp fluctuations. WTI crude surged more than 6% before then plunging in a straight line. As of the time of writing, the WTI crude gain had narrowed to 1.87%, while Brent crude rose 2.23%.

According to a report by CCTV Finance, on the 11th local time, the energy ministers of the Group of Seven issued a joint statement saying that, in principle, all parties support taking proactive measures to address the current situation, including deploying strategic energy reserves when necessary.

Citing a report by the U.S. news website Axios on the 11th, Xinhua News Agency said that U.S. President Donald Trump stated that within Iran “there are almost no targets left to strike,” and that U.S. military action against Iran “is about to end.”

According to CCTV Finance, figures released by the U.S. Department of Labor on the 11th showed that the U.S. Consumer Price Index (CPI) for February rose 2.4% year over year. After excluding food and energy prices, which fluctuate more, core CPI for February rose 2.5% year over year.

Analysts noted that this data reflects the U.S. inflation situation before the outbreak of military conflict in the Middle East. Given that international oil prices have surged at times recently and the Strait of Hormuz is still under blockade, the risk of a rebound in U.S. inflation pressures cannot yet be ruled out. Even though the nonfarm payrolls data released recently came in far below expectations.