Overnight US stocks | The three major indices rise and fall differently, with Micron Technology, Inc. (MU.US) dropping by nearly 10% and WTI crude oil closing above $100 for the first time since 2022.

On Monday, the three major indexes had mixed performance, with tech stocks continuing to decline. The price of American WTI crude oil closed above $100 for the first time since 2022. The $100 price is an important psychological level that traders and other market participants closely watch. Oil prices have surged significantly due to the war between the United States, Israel, and Iran disrupting global markets and sparking concerns about both skyrocketing inflation and slowing economic growth. This conflict has been ongoing for five weeks, and despite diplomatic efforts by Washington last week, there are still no signs of easing tensions, with oil transportation through the crucial Strait of Hormuz almost completely stalled. [US Stocks] At the close, the Dow rose 49.50 points, or 0.11%, to 45216.14 points; the Nasdaq fell 153.72 points, or 0.73%, to 20794.64 points; and the S&P 500 fell 25.12 points, or 0.39%, to 6343.73 points. NVIDIA Corporation (NVDA.US) fell by 1%, SanDisk (SNDK.US) fell by 7%, Micron Technology, Inc. (MU.US) fell by 9.88%, and Intel Corporation (INTC.US) fell by over 4%. The Nasdaq Golden Dragon Index fell by 0.35%, NIO Inc. Sponsored ADR Class A (NIO.US) rose by 3.8%, and iQIYI, Inc. Sponsored ADR Class A (IQ.US) rose by 5.8%. [European Stocks] The German DAX30 Index rose by 247.94 points, or 1.11%, to 22563.18 points; the UK's FTSE 100 Index rose by 164.92 points, or 1.65%, to 10132.27 points; the French CAC40 Index rose by 70.50 points, or 0.92%, to 7772.45 points; the Euro Stoxx 50 Index rose by 36.30 points, or 0.66%, to 5542.10 points; the Spanish IBEX35 Index rose by 142.15 points, or 0.84%, to 16980.05 points; and the Italian FTSE MIB Index rose by 446.40 points, or 1.03%, to 43825.50 points. [Asian Stock Markets] The Nikkei 225 index fell by 2.79% and the KOSPI index in South Korea fell by 2.97%. [Cryptocurrency] Bitcoin rose by over 1.3% to $66,766, and Ethereum rose by over 3% to $2034.75. [Crude Oil] The price of NYMEX light crude oil futures for May delivery rose by $3.24, closing at $102.88 per barrel, an increase of 3.25%; and the price of London Brent crude oil futures for May delivery rose by 21 cents, closing at $112.78 per barrel, an increase of 0.19%. [US Dollar Index] The US Dollar Index, which measures the dollar against six major currencies, rose by 0.36% to close at 100.508. At the close of the New York foreign exchange market, 1 euro exchanged for $1.1457, lower than the previous trading day's $1.1508; 1 pound exchanged for $1.3186, lower than the previous trading day's $1.3266. 1 dollar exchanged for 159.58 yen, lower than the previous trading day's 160.38 yen; 1 dollar exchanged for 0.8000 Swiss francs, higher than the previous trading day's 0.7983 Swiss francs; 1 dollar exchanged for 1.3926 Canadian dollars, higher than the previous trading day's 1.3892 Canadian dollars; and 1 dollar exchanged for 9.5556 Swedish kronor, higher than the previous trading day's 9.4751 Swedish kronor. [Precious Metals] Spot gold closed at $4511.18, and spot silver closed at $70.091. [Macro News] Iran insists it has not negotiated with the US since the outbreak of the war. Iranian Foreign Ministry spokesman Baghaei posted on social media that Iran has not negotiated with the US since the start of the war against Iran. "In these 31 days, we have not had any negotiations with the United States," Baghaei said. He stated that the current situation is that the US has conveyed negotiation requests and a comprehensive proposal to Iran through intermediaries, including Pakistan. He said that Iran's position on a ceasefire has not changed. "Our position is very clear. Currently, because the US military aggression and invasion are still in full swing, all of our efforts and abilities are focused on defending Iran's fundamental interests." Baghaei stated that Iran "will not forget that diplomatic means were betrayed twice in less than a year." The first betrayal he referred to was a 12-day war in June 2025, during which the US and Israel launched strikes on Iran's military and nuclear facilities during negotiations. Powell: Long-term inflation expectations stable, no rush to respond to energy shock. Federal Reserve Chairman Powell said on Monday that despite ongoing energy shocks, long-term inflation expectations appear to remain stable, and the Fed is not yet ready to make decisions on how to respond to the latest situation. He stated at Harvard University, "Long-term inflation expectations seem to remain stable beyond the short term." Referring to the energy shock related to the war with Iran, he said, "We are still not clear about its specific impact on the economy, but given that inflation has been above the 2% target level for a long time, we will closely monitor its impact on price pressures." Fed's Williams: Current monetary policy appropriate to address short-term inflation risks. New York Fed President Williams said on Monday that the current monetary policy stance is appropriate and sufficient to address short-term inflation risks. He pointed out that the Middle East war could trigger supply shocks, pushing up inflation and suppressing economic activity, with related impacts already beginning to show and supply chains experiencing signs of disruption. While there is "considerable uncertainty" about the inflation outlook, rising energy prices will push up overall inflation in the coming months; if oil prices fall back after the war ends, some of the increases may be reversed. Williams did not suggest an imminent adjustment to monetary policy. In his speech, Williams stated that he expects the US economy to grow by about 2.5% this year, with inflation reaching 2.75%, before falling back to the 2% target level next year. He also expects unemployment rates to decrease in the coming years. Williams is more optimistic about the outlook for inflation and employment than most of his Fed colleagues. SEC's six-month disclosure proposal submitted for White House review. The White House is reviewing the Securities and Exchange Commission's proposal to introduce semi-annual corporate disclosure, indicating that the measure is nearing the public release stage. According to a notice on the government website, the proposal was submitted to the Office of Management and Budget at the White House last Friday. Once the White House review is completed, the commission can vote on whether to publish the proposal and seek public comments. Subsequently, the commissioners will need to vote again to pass the final version, and the rule may take effect months later. Although the details of the plan are not clear, SEC Chairman Atkins recently proposed adjusting the frequency of disclosure based on company size. Since former President Trump called for changing disclosure frequency from quarterly to semi-annual last year, the SEC has been pushing for this reform. Atkins has pledged to expedite the proposal, stating that it can save companies a significant amount of time and costs, but supporters of the existing disclosure system believe that transparency helps investors make critical decisions. [Stock News] Rocket Lab (RKLB.US) receives regulatory approval for acquisition of Mynaric. Rocket Lab, a global leader in launch services and space systems, announced that it has received regulatory approval to acquire the leading supplier of laser communication terminal equipment, Mynaric AG. The transaction has been approved by the German Federal Ministry for Economic Affairs and Energy, and Rocket Lab expects the deal to be completed in April. Sir Peter Beck, founder and CEO of Rocket Lab, stated that the regulatory approval is a key milestone in the acquisition, helping the company enhance its support capabilities for the German and European aerospace industry; laser communication is a key technology for satellite constellations, and the company will scale up its supply with Mynaric to meet the needs of European and existing market customers. BitMine (BMNR.US) increased its holdings of over 71,000 ETH last week, with a total holding exceeding 4.73 million ETH. As of March 29, Bitmine's total assets, including cryptocurrency + cash + "lunar program," totaled $10.7 billion. BitMine holds 4,732,082 ETH (an increase of 71,179 ETH from last week), accounting for 3.81% of the total Ethereum supply (120.7 million ETH). Additionally, it holds 197 BTC, shares worth $200 million in Beast Industries, $1.02 billion worth of shares in Eightco Holdings (NASDAQ code: ORBS), and $9.61 billion in unsecured cash. Bitmine's holdings of Ethereum account for 3.92% of the total Ethereum supply (120.7 million ETH). As of March 29, 2026, Bitmine's pledged ETH totaled 3,142,643 ETH (valued at $63 billion based on $2,005 per ETH).