U.S. chip stocks plummet!

On March 3rd (Tuesday) local time, all three major U.S. stock indices closed lower, with the Dow Jones Industrial Average at one point dropping more than 1,200 points during the day, but later narrowing its losses, closing down 403.51 points, and recovering more than 800 points from its intraday low.

It is worth noting that chip stocks in the U.S. market experienced a significant decline overall, with the Philadelphia Semiconductor Index plummeting over 4%, marking the largest single-day drop of the year.

U.S. Stock Market Indices Close Lower

On March 3rd (Tuesday) local time, all three major U.S. stock indices closed lower, with the Dow Jones Industrial Average down 0.83%, at 48,501.27 points. The index had at one point dropped over 1,200 points during the day, later narrowing its losses, closing down 403.51 points, and recovering more than 800 points from its intraday low.

The S&P 500 Index and the Nasdaq Index showed similar trends, with the S&P 500 closing down 0.94%, at 6,816.63 points, and the Nasdaq closing down 1.02%, at 22,516.69 points.

Large technology stocks in the U.S. market had mixed performance. In typical tech stocks, Tesla fell over 2%, NVIDIA dropped over 1%, Google declined nearly 1%, and Apple had a loss of less than 1%. Microsoft rose over 1%, while Meta and Amazon both had gains of less than 1%.

Large bank stocks in the U.S. had varied performances, with JPMorgan rising nearly 1%, and both Bank of America and Goldman Sachs gaining less than 0.5%. Citigroup, Morgan Stanley, and Wells Fargo all slightly declined, with losses of less than 1%.

Most energy stocks fell, with SLB down over 5%, ExxonMobil dropping over 1%, and Occidental Petroleum declining nearly 1%. ConocoPhillips saw a slight increase.

Pandemic-related stocks all fell, with Novavax and BioNTech both dropping over 6%, Moderna down over 5%, Gilead Sciences falling more than 1%, and AstraZeneca declining nearly 1%.

Most airline stocks fell, but the declines were generally not large. Southwest Airlines dropped over 1%, while American Airlines and United Airlines had losses of less than 1%. Delta Airlines saw a slight increase, with a gain of less than 1%.

Philadelphia Semiconductor Index Plummets Over 4%, Marking Largest Single-Day Drop of the Year

Chip stocks in the U.S. experienced a significant decline overall, with the Philadelphia Semiconductor Index closing down 4.58%, marking the largest single-day drop of the year.

Among typical chip stocks, Micron Technology fell nearly 8%, marking the largest single-day drop in the past three months.

In addition, KLA Corporation dropped over 6%, Intel fell over 5%, and ASML and TSMC both declined over 4%.

Among other chip-related stocks, SanDisk plummeted over 8%, and STMicroelectronics dropped over 5%.

International Oil Prices Close Higher

On March 3rd local time, international oil prices closed higher, with NYMEX WTI crude oil prices increasing by more than 5% during the day.

ICE Brent crude prices also rose over 5% during the day, exceeding $80 per barrel.

In terms of news, according to CCTV News, on the early morning of the 4th local time, the Islamic Revolutionary Guard Corps of Iran issued the 17th statement regarding Operation “Real Commitment-4.”

The statement indicated that the Aerospace Force of the Revolutionary Guard conducted missile and drone strikes against targets in central and northern Israel during the 16th wave of strikes on the night of the 3rd to the early morning of the 4th. Targets included the Israeli military’s general staff and Ministry of Defense in Tel Aviv, as well as military facilities in Petah Tikva northeast of Tel Aviv and in the northern region of Western Galilee.

Additionally, an Israeli Defense Forces spokesperson, Dervin, stated at a press conference on the 3rd that since the start of military operations against Iran, the Israeli Air Force had dropped over 4,000 bombs on Iran, surpassing the number of bombs used during the 12-day military conflict between Israel and Iran in June 2025.