Tonight, surge!

K-LinePoet · 2026-02-28T23:41:03+00:00

On February 27th, U.S. stocks plummeted, with the three major indices dropping as much as 800 points at one point. The reasons include rising market risk aversion and U.S. PPI exceeding expectations. Meanwhile, silver surged over 6% due to increased military mobilization by the U.S. in the Middle East, which heightened tensions and drove up gold and silver prices.

K-LinePoet

2026-02-28 23:41:03

Abstract generation in progress

【Introduction】Silver Rises Sharply, U.S. Stocks Drop

Brothers and sisters, the overseas markets are unsettled tonight. U.S. stocks opened sharply lower, and silver surged. Let’s take a look at what’s happening.

Silver Rises Sharply

On the evening of February 27, silver jumped over 6%, and gold increased by more than 1%.

Oil prices rose nearly 3%.

On the news front, large-scale U.S. military deployments in the Middle East have heightened market sentiment.

A strategist at Royal Bank of Canada Capital Markets said, “The U.S. has never deployed such a large number of military assets in the Middle East since 2003, and so far, Washington has never withdrawn after such a massive buildup.”

According to mediators in Oman, Washington and Tehran made “significant progress” on Thursday and will continue negotiations next week. However, an informed source revealed that U.S. officials are disappointed with the progress of the talks.

The U.S. and Iran are in tense standoff, exchanging harsh words. Meanwhile, Trump ordered the largest U.S. military buildup in the Middle East since 2003. This supported recent gains in gold and silver prices.

U.S. Stocks Decline

On the evening of February 27, the three major U.S. stock indices fell sharply. The Dow once dropped 800 points, and the Nasdaq fell about 1.5%, though both declines narrowed by the time of reporting.

Market risk aversion is spreading. The large-scale layoffs at U.S. fintech company Block have sparked anxiety that AI will disrupt broad economic sectors, leading to a decline at market open.

Last month, U.S. producer prices (PPI) rose 0.5% month-over-month, exceeding expectations, mainly driven by the service sector. This data signals inflationary pressure, which could hinder the Federal Reserve’s rate cuts, putting pressure on stocks.

Despite revenue growth and better-than-expected first-quarter outlooks, Nvidia’s two-day decline highlights market concerns over high valuations amid the AI boom.

A strategist at Deutsche Bank said, “The scale of earnings surprises is no longer at the levels the market has been accustomed to in 2023-2024, and as skepticism about AI trading increases, these positive factors are not providing much support.”

Block announced layoffs of 4,000 employees (nearly half its staff), betting that AI can boost productivity. This move intensified the aforementioned risks. Block’s stock subsequently surged over 17%.

Meanwhile, OpenAI plans to raise $1.1 billion in new funding at a pre-money valuation of $730 billion. Investors include Nvidia ($30 billion), SoftBank ($30 billion), and Amazon ($50 billion). OpenAI CEO Sam Altman stated that as long as revenue continues to grow, he does not see a “circular reasoning” problem with the company’s financing deals.

In earnings news, Dell Technologies’ stock soared about 20% after exceeding expectations with its AI server sales outlook, indicating strong demand.

Editor: Xu Wen

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.