US stocks closed mixed on March 11th, as investors cautiously watched the impact of the tense situation in the Middle East and the soaring oil prices. By the close, the Dow Jones Industrial Average fell 289.24 points, or 0.61%, to 47417.27; the Nasdaq Composite Index rose slightly by 0.08% to 22716.13; the S&P 500 Index fell slightly by 0.08% to 6775.80.

In terms of individual stocks, Oracle rose 9.2% thanks to better-than-expected earnings and revenue in the third quarter and an optimistic outlook for the fourth quarter; Tesla rose 2.15% driven by the sharp increase in delivery volume at its Shanghai Gigafactory. However, the private credit industry is under pressure. JPMorgan Chase downgraded the valuation of some loans of private credit institutions, and related individual stocks such as Ares Management and Apollo Global Management fell.

Most Chinese concept stocks weakened. The Nasdaq China Golden Dragon Index closed down 0.77%, with Wanwu Xinsheng and 111, Inc. falling more than 9%, Yikatong Technology falling 8.39%, and a few individual stocks such as JD.com and Baidu rising slightly. In addition, the US February CPI data was in line with expectations, but the soaring oil prices triggered market concerns about inflation rebound, and the market generally expects the Federal Reserve to keep interest rates unchanged next week. The Global X Financials ETF (IXG) fell slightly by 0.62%, with a cumulative decline of 4.89% in the past three months.