Jin Rong Jie·2026-03-26 00:27Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising by 305.43 points (0.66%) to 46,429.49 points, the Nasdaq Composite increasing by 0.77% to 21,929.83 points, and the S&P 500 gaining 0.54% to 6,591.90 points [1][2]. Technology Sector - The Wande American Technology Seven Giants Index rose by 0.80%, with notable gains from Amazon (up 2.16%), NVIDIA (up 1.99%), and Tesla (up 0.76%). However, Microsoft saw a slight decline of nearly 0.5% due to mixed market sentiment [3][4]. Semiconductor and Storage Stocks - The Philadelphia Semiconductor Index increased by 1.21% to 7,967.74 points, indicating a strong performance in the semiconductor sector [5]. - In contrast, the storage sector experienced a downturn, with Western Digital falling by 1.63%, Seagate by 2.6%, and Micron Technology dropping over 3%. This decline was attributed to concerns over AI storage demand following Google's introduction of a new memory compression technology [7]. Chinese Stocks - Chinese assets saw a significant rally, with the Nasdaq Golden Dragon China Index rising by 1.86% and the Wande Chinese Technology Leaders Index increasing by 1.93%. Notable individual stock performances included Meituan surging by 14.43% and JD.com by 8.30% [8][9]. Commodity Market - Precious metals continued their strong performance, with COMEX gold futures rising by 2.2% to approximately $4,530 per ounce and silver futures increasing by 2.6% to $70.41 per ounce. Gold stocks also performed well, with Harmony Gold rising over 5% [10]. - Conversely, international oil prices fell significantly, with light crude oil futures dropping by $2.03 to $90.32 per barrel, and Brent crude futures down by $2.27 to $102.22 per barrel, influenced by easing tensions in the Middle East [11]. Inflation and Interest Rates - U.S. Treasury yields fell, with the 10-year yield decreasing by 7.6 basis points to 4.32%. Rising inflation concerns, driven by increased oil prices, have altered market expectations regarding the Federal Reserve's interest rate path, with no anticipated rate cuts for the year [12].