Sudden plunge in the early morning, dropping 670 points! Gold and silver, flash crash and plummet

【Introduction】U.S. Stocks Plunge, Dow Drops Nearly 670 Points; Commercial Real Estate Plummets, Gold and Silver Tumble

On February 12th, Eastern Time, before the release of U.S. CPI data, market concerns about the disruptive impact of artificial intelligence spread across all sectors. U.S. stocks experienced a sharp decline, with all three major indices falling over 1%. The Dow Jones Industrial Average plunged over 600 points, and the Nasdaq dropped more than 2%.

By the close, the Dow fell 1.34%, down 669.42 points to 49,451.98; the S&P 500 declined 1.57% to 6,832.76; and the Nasdaq dropped 2.03% to 22,597.15.

Cisco fell over 12%, Disney dropped more than 5%, leading the Dow lower. Major tech stocks all declined, with Apple plunging 5%, its largest daily drop since April 2025; Facebook fell nearly 3%, and Nvidia declined over 1%.

Additionally, on the macro front, there are significant uncertainties surrounding Trump’s tariff policies. The U.S. House of Representatives passed a resolution with 219 votes to 211 opposing President Trump’s tariffs on Canada. The resolution has been sent to the Senate and is expected to pass. Analysts see this as a rare rebuke of Trump and his party leadership in the Republican-controlled House. At a critical moment, the outlook for the USMCA (United States-Mexico-Canada Agreement) also faces considerable uncertainty. According to U.S. media reports, Trump is privately considering withdrawing from the USMCA, which could add more unpredictability to trade negotiations with Canada and Mexico.

Commercial Real Estate Sector Plummets

Market fears about the disruptive impact of artificial intelligence have spread from the software industry to all sectors, including commercial real estate. Investors are anxious that the increasing adoption of AI tools may structurally weaken demand for office space. Risk appetite among investors has significantly cooled.

Major commercial real estate service companies in the U.S. stock market all experienced sharp declines. CBRE Group’s stock fell 8.8%, JLL dropped 7.6%, and Cushman & Wakefield declined 11.63%.

Gold Loses $5,000 Support, Silver Tumbles 11%

On February 12th, Eastern Time, market risk appetite sharply declined, with funds flowing further into U.S. Treasuries, seen as a “safe haven,” while precious metals were sold off.

During the trading session, gold fell over 3%, breaking below $5,000, and silver plummeted nearly 11%. As of the time of writing, the downward trend continues.