The three major U.S. stock indices all advanced, popular Chinese concept stocks rose, and NIO jumped over 10%

Phoenix Finance News: On March 10th, the three major U.S. stock indices all rose. As of the time of writing, the Dow Jones increased by 0.37%, the Nasdaq by 0.46%, and the S&P 500 by 0.27%.

In Chinese concept stocks, NIO rose over 10%; Tencent Holdings (ADR) increased over 8%; Futu Holdings gained over 6%; Tiger Securities rose over 5%; Vipshop and iQiyi increased over 4%; Baidu, Xpeng Motors, Kingsoft Cloud, Alibaba, and Pinduoduo each rose over 3%.

In commodities markets, international oil prices plummeted. As of the time of writing, WTI crude oil futures fell more than 7%, trading at $87.72 per barrel.

Global News

Strain on the Strait of Hormuz Shipping Worsens, Gulf Countries Reportedly Forced to Cut Production by 6.7 Million Barrels/Day

Latest reports on Tuesday afternoon indicate that shipping through the Strait of Hormuz is nearly at a standstill, with production cuts by Middle Eastern oil-producing countries escalating. According to informed sources, the four major oil exporters in the Gulf region—Saudi Arabia, Iraq, the UAE, and Kuwait—have reduced output by 6.7 million barrels per day due to shipping disruptions. This represents over one-third of their combined production, and the overall global oil supply has decreased by approximately 6%.

U.S. Stock Market to Enter “Year-Round, 24/7” Trading Era as Nasdaq Advances Stock Tokenization Mechanism

After recent efforts to enable 24-hour trading on weekdays, the U.S. stock market is exploring how to achieve continuous “7x24” trading throughout the year. Nasdaq announced on Monday plans to introduce a new tokenized stock mechanism aimed at helping listed companies better control their tokenized shares. The framework is expected to be operational by the first half of 2027, allowing token holders to enjoy governance rights equivalent to those of traditional shareholders.

“Subprime Crisis” Reenactment? Goldman Sachs Rarely Launches “Short Corporate Loan Strategy”

Amid the AI boom impacting U.S. software companies, Goldman Sachs, the largest market maker on Wall Street, is playing the role of a provider of short-selling tools in the corporate loan market—an eerily similar scene to the pre-2008 financial crisis. According to informed sources, Goldman Sachs is marketing a financial product to hedge funds that enables them to short or go long on corporate loans.

Wall Street Underestimates Iran War Impact? JPMorgan Warns S&P 500 Could Drop 10%

JPMorgan’s Global Market Intelligence head Andrew Tyler issued a report stating that with the Iran conflict ongoing and international oil prices surpassing $100 per barrel, the S&P 500 could decline by about 10% from its high, reaching approximately 6,270 points. Despite the Iran conflict lasting over a week, the U.S. stock market’s reaction has been relatively mild—except for a few brief fluctuations and dips. Even Goldman Sachs CEO David Solomon expressed surprise at Wall Street’s “moderate” response to the conflict.

Company News

Nvidia to Launch Open-Source AI Agent Platform NemoClaw, Expected Next Week

On March 9th, local time, reports indicated that Nvidia plans to launch an open-source AI agent platform called NemoClaw. The platform aims to enable enterprises to deploy AI agents within their workflows to perform specific tasks in place of employees. Sources say that regardless of whether these products run on Nvidia chips, they will be able to access the platform.

GTC+OFC Next Week: Optical Interconnects Could Become a Major Market Theme? Bank of America Likes These Stocks

Next week, Nvidia’s highly anticipated GPU Technology Conference (GTC) is expected to showcase the company’s next-generation chip architecture. Meanwhile, another AI trend component—optical interconnect technology—is also set to be a focus. This technology allows communication between GPU clusters with high bandwidth, low loss, and low latency.

“Lobster Fever” Unexpectedly Boosts Apple Mac Mini: Official Website and E-commerce Sold Out, Platform Premium Reaches 23%

Recently, the “lobster fever” sparked by OpenClaw has gone viral worldwide, driving a surge in local deployment and sales of host machines. Among them, the Apple Mac mini M4 has become hard to find due to its strong performance and the price advantage of not increasing prices during rising memory costs, leading to a buying frenzy.

NIO Achieves First Quarterly Profit in 11 Years, R&D Investment Exceeds 18 Billion Yuan, Li Bin’s Bet Pays Off?

On March 10th, NIO announced its Q4 and full-year 2025 financial results. In Q4 2025, NIO reported an operating profit of 1.25 billion yuan, with cash reserves of 45.9 billion yuan, nearly doubling from the previous quarter. Thanks to Q4 performance, NIO’s total vehicle sales for 2025 reached 76.884 billion yuan, a 32.0% increase year-over-year; total revenue for the year was 87.488 billion yuan, up 33.1%.