U.S. stocks experience a massive shakeup late at night, with chip stocks soaring across the board. Micron Technology rises nearly 10%, gold, silver, and oil prices all increase, and Trump calls for continued negotiations with Iran.

On Wednesday, February 11, after the release of the latest U.S. non-farm payroll data, the three major U.S. stock indices opened higher collectively but then plunged and turned lower during the trading session. By the close, the Dow fell 0.13%, the S&P 500 was essentially flat, and the Nasdaq declined 0.16%.

Large-cap technology stocks showed mixed performance, with Google and Microsoft dropping over 2%, Amazon down more than 1%, Facebook down 0.3%, Nvidia up 0.78%, Tesla up 0.8%, and Apple up 0.67%.

Chip stocks generally rose, with the Philadelphia Semiconductor Index up 2.28%, GlobalFoundries surging over 16%, Micron Technology up nearly 10%, NXP Semiconductors and Microchip Technology up over 5%, TSMC up more than 3%, and Intel up over 2%.

AI application software stocks declined across the board, with Shopify dropping over 6%, briefly falling 13% during the session to give back early gains, Reddit down over 7%, Atlassian down over 6%, and Adobe down nearly 3%.

According to 21st Century Business Herald, the recent overselling of software stocks raises questions: is it a panic-driven overreaction and misjudgment, or an early pricing of AI impacts? Market opinions are beginning to diverge. Citibank warned last Friday that software stocks are far from “bottoming out,” but JPMorgan believes that the concerns about AI replacing software applications will not occur on a large scale, and recommends investors buy on dips. (See details)

Most Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index down 0.65%. Among popular stocks, Huya dropped over 5%, JinkoSolar fell more than 5%, Canadian Solar declined over 4%, NetEase down over 4%, and Bawang Tea nearly 4%. On the gain side, China Internet Plus surged over 12%, Kingsoft Cloud rose about 10%, Bilibili, Huazhu Group, NIO, and Miniso gained over 2%.

In the international precious metals market, spot gold rose more than 1% in late trading, closing at $5,083.7 per ounce, after reaching a high of $5,100. Spot silver surged over 4%, closing at $84.3 per ounce.

In international oil markets, WTI crude oil futures rose 1.05% to $64.63 per barrel, and Brent crude futures increased 0.87% to $69.40 per barrel.

Major cryptocurrencies declined, with Bitcoin dropping to $67,000 per coin. Over the past 24 hours, more than 135,000 traders worldwide were liquidated.

On the news front, according to Securities Times, on February 11, U.S. Labor Department’s employment report showed that non-farm payrolls increased by 130,000 in January, far exceeding market expectations. Following the data release, traders pushed back the expected date for the Fed’s next rate cut from June to July.

CME’s “FedWatch” latest data indicates a 5.9% chance of a 25 basis point rate cut by the Federal Reserve in March, with a 94.1% chance of holding rates steady. The probability of a cumulative 25 basis point cut by April is 20.5%, with a 78.5% chance of no change, and a 1% chance of a 50 basis point cut. The chance of a 25 basis point cut by June is 48.1%.

According to CCTV News, on February 11, U.S. President Donald Trump posted on his social media platform “Truth Social” that he had just met with Israeli Prime Minister Netanyahu and several of his representatives. Trump said the meeting was very successful and that the good relationship between the two countries would continue.

Trump stated that no specific agreements were reached, but he insisted on continuing negotiations with Iran in hopes of reaching an agreement. He said he had told Netanyahu that if an agreement could be reached, it would be their preferred option; if not, they would have to wait and see. Trump also expressed hope that Iran would act more rationally and responsibly this time.