Late at night, U.S. stocks fluctuate between gains and losses! Gold and silver plunge during trading! Is there a new development in the Federal Reserve's interest rate cut?

On the evening of March 11, the three major U.S. stock indexes opened with mixed moves. As of the time of writing, the Dow was down, while the Nasdaq was up slightly.

According to data released by the U.S. Department of Labor on Wednesday local time, U.S. February CPI inflation was broadly in line with market expectations. Market analysts pointed out that, with the outbreak of the Middle East war and the resulting sharp jump in oil prices, the data has “quickly become outdated,” and the market expects inflation to heat up further in March.

Later in the day, spot gold briefly plunged and fell below $5,180 per ounce; as of the time of writing, it was down 0.05%. London silver was down more than 3%, at $85.24 per ounce.

U.S. gold-related stocks fell. Harmony Gold was down more than 12%, Jintian was down nearly 5%, and Newmont Mining, Coret Dulden Mining, Hecla Mining, and others led the declines.

Oracle rose nearly 14%. After the close of U.S. stocks on March 10, Oracle announced its third-quarter results for fiscal year 2026 ended February 28. In the reporting period, revenue was $17.19 billion, up 22% year over year, beating the market’s expected $16.91 billion; net profit was $3.72B, up 27% year over year.

In a call with investors, Oracle CEO Clay Magouyrk said the profit margin of the company’s cloud business should improve over time. Oracle forecast that growth in the artificial intelligence space will last at least through 2027, and it raised its revenue expectation for 2027 to $90 billion.

Nebius rose nearly 15%. On March 11, Nvidia and Nebius Group announced that they have reached a strategic cooperation. The effort will develop and deploy a new generation of hyperscale cloud computing services for AI-native enterprises and all kinds of institutions, targeting the AI market. This cooperation is based on Nvidia infrastructure already deployed by Nebius on its global platform, including multiple gigawatt-level AI factories located in the United States. To support Nebius in achieving its goal of deploying more than 5 gigawatts of compute by the end of 2030, Nvidia will help Nebius adopt its latest-generation accelerated computing platform first.

The Nasdaq China Golden Dragon Index fell slightly, while major Chinese concept stocks saw mixed moves. Autohome? Wait no—Atias? Actually: Ates Solar, E-Gen?—Continue translating accurately: Ates Solar, E-Jia Tong Technology rose more than 5%; Li Auto rose more than 4%; WeRide, Trina New Energy, Shell?—Continue: WeRide, Gotion?—I must translate proper names as-is in English, keep original brand names. Altogether: WeRide, Datang New Energy?—I will translate by leaving names in English transliteration as they appear: Ates Solar, Ejiatong Technology rose more than 5%, Li Auto rose more than 4%. WeRide, Datang New Energy, Beike, Niu Technologies, XPeng Motors, Bomby, Qimengdao, and others rose more than 2%. Bilibili fell by more than 2%; Youdao, NetEase, Bitauto, Vipshop, Mogo Smart, CenturyLink?—Continue: CenturyLink, Autohome?—Actually: CenturyLink?—Better: Century Internet, iQIYI, and others fell by more than 1%.