--- title: "Chip stocks surged with ARM rising 16%, gold reclaimed $4,500, and Chinese concept stocks shone with JD.com up 8%" type: "News" locale: "en" url: "https://longbridge.com/en/news/280539169.md" description: "U.S. stocks rebounded across the board, with the Dow Jones Industrial Average rising over 300 points, and the Nasdaq and S&P 500 indices also seeing gains. The Philadelphia Semiconductor Index increased by 1.2%, and Arm's stock surged by 16.38%. Chinese concept stocks performed well, with JD.com rising by 8.30%. Merck agreed to acquire Acceleron Pharma for an equity value of approximately $6.7 billion. KB Home lowered its full-year home sales forecast due to affordability issues, with its stock falling by 1.5%. The market is paying attention to developments in the Middle East situation" datetime: "2026-03-25T23:33:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280539169.md) - [en](https://longbridge.com/en/news/280539169.md) - [zh-HK](https://longbridge.com/zh-HK/news/280539169.md) --- # Chip stocks surged with ARM rising 16%, gold reclaimed $4,500, and Chinese concept stocks shone with JD.com up 8% ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/OWxTCsIJVgVZYE1ZZrUCQ1BbUVNXb62bi4nghyKN6XjuAAA/1000?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **\*U.S. stocks rebound across the board, with the Dow rising over 300 points;** **\*Medium to long-term U.S. Treasury yields fall back, with the 10-year Treasury approaching 4.30%;** **\*U.S. mortgage rates rise for the third consecutive week, with refinancing applications down 14.6% last week.** On Wednesday, U.S. stocks continued their upward trend as the easing of tensions in the Middle East alleviated some investor concerns about long-term disruptions to energy supplies. By the close, the Dow Jones Industrial Average rose 305.43 points, or 0.66%, to 46,429.49 points, the Nasdaq Composite Index increased by 0.77% to 21,929.83 points, and the S&P 500 Index climbed 0.54% to 6,591.90 points. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/Or9f9vbwi8PBnccrHMjXzTwkIUfshxv0XcRfU6E9wKo58AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) **【Performance of Popular Stocks】** The Philadelphia Semiconductor Index rose 1.2%, with Arm announcing a new artificial intelligence data center chip expected to generate billions in revenue, causing its stock to surge 16.38%. Other chip stocks saw gains as well, with AMD up 7.36%, Intel up 7.08%, Nvidia up 1.99%, and Qualcomm and TSMC both up 1.3%. Star tech stocks mostly rose, with Amazon up 2.16%, Tesla up 0.76%, Apple and Meta both up over 0.3%, while Microsoft fell nearly 0.5%. ![Image](https://imageproxy.pbkrs.com/https://inews.gtimg.com/om_bt/ORcIH9R9gOQ55aLNyTB3GoPvzA1p3b0DO_aKQFbl3h9u8AA/641?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) The storage sector weakened, with Western Digital down 1.63%, Seagate down 2.6%, and Micron Technology and SanDisk both down over 3%. In news, Google launched a new memory compression technology called TurboQuant, which can compress key-value caches for large language models to 3 bits, achieving a 6-fold memory reduction and up to 8 times acceleration, raising market concerns about storage demand prospects. The Nasdaq Golden Dragon China Index rose 1.86%, with JD.com up 8.30%, Pinduoduo up 4.61%, Alibaba up 3.50%, Baidu up 2.73%, and NetEase up 0.82%. Merck rose 2.6% after the company agreed to acquire oncology drug company Turnstone Biologics for approximately $6.7 billion, as the pharmaceutical giant aims to expand its blood disease product line. Homebuilder KB Home fell 1.5%. The company lowered its full-year home sales forecast due to affordability issues and recent geopolitical tensions, while its first-quarter results missed expectations **【Market Overview】** The outside world continues to pay attention to the developments in the Middle East situation. According to CCTV News, the U.S. government has proposed a conflict resolution plan containing 15 conditions to Iran through Pakistan, covering nuclear programs, missile capabilities, and regional issues. The U.S. is considering promoting a one-month ceasefire to facilitate further negotiations on the relevant terms. ING Group stated in a report: "Although the oil market has initially eased, uncertainty remains high. Tehran has launched a new round of missiles at Israel, with almost no signs of compromise; at the same time, Iran reiterated that foreign vessels can only pass through the Strait of Hormuz if they comply with Iranian regulations and do not support aggressive actions." The surge in oil prices triggered by the U.S.-Iran conflict has reignited inflation concerns, complicating the interest rate outlook for central banks worldwide. The Chicago Mercantile Exchange Group's FedWatch tool shows that the market is currently not pricing in any rate cuts by the Federal Reserve this year, whereas prior to the outbreak of the conflict, the market had anticipated two rate cuts. J.P. Morgan's trading department stated in a report: "Although it is still unclear who will call off military actions on the Iranian side and what conditions would satisfy Israel's interests, the market seems inclined to continue rebounding from this point. Additionally, it remains uncertain whether Iran will abandon its previously stated demands — including security guarantees against future attacks and compensation for the damages caused by this conflict." Gene Goldman, Chief Investment Officer of investment management firm Cetera, stated: "The market is optimistic that the proposals and counter-proposals from both sides pave the way for more negotiations." Goldman noted that until there is clarity on when the war might end, given the impact of high oil prices on inflation, market volatility is expected to remain high. Larry Fink, CEO of BlackRock, stated that if Iran "still poses a threat" after the conflict ends, oil prices could rise to $150 per barrel, triggering "a global economic recession." U.S. Treasury yields fell, with the benchmark 10-year Treasury bond down 7.6 basis points to 4.32%, and the 2-year Treasury bond, closely related to interest rate expectations, down 6.1 basis points to 3.88%. In terms of economic data, U.S. import prices rose 1.3% month-on-month in February, the largest increase since March 2022, and rose 1.3% year-on-year, the largest year-on-year increase since February 2025. Excluding fuel and food, core import prices surged 1.2% month-on-month, compared to a 0.7% increase in January, and soared 3.0% year-on-year. U.S. mortgage rates rose for the third consecutive week, pushing housing financing costs to the highest level since October of last year, impacting home buying and refinancing activities. According to data released by the Mortgage Bankers Association (MBA) on Wednesday, the average contract rate for a 30-year fixed mortgage rose 13 basis points to 6.43% for the week ending March 20. As a result, the mortgage application index for home purchases fell 5.4% last week, the largest decline since January, while refinancing applications dropped 14.6%. **【Commodity Performance】** International oil prices fell. The price of light crude oil futures for May delivery on the New York Mercantile Exchange dropped by $2.03 to $90.32 per barrel, a decrease of 2.2%; the price of Brent crude oil futures for May delivery fell by $2.27 to $102.22 per barrel, a decrease of 2.17% The precious metals market has strengthened significantly. As of the time of writing, COMEX gold futures for May delivery rose by 2.2%, trading around $4,530 per ounce, while COMEX silver futures increased by 2.6%, reported at $70.41 per ounce. 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