Iran finally launched missiles at Israel, escalating tensions in the Middle East. The VIX index, also known as the "fear gauge," surged 15%, leading to a drop in the three major US stock indices on the first day of 4Q24. The DJIA collapsed as much as over 384 points during the day, ultimately closing down 173 points, or 0.4%, at 42,156. The S&P 500 slipped 53 points, or 0.9%, closing at 5,708. The Nasdaq experienced the largest decline, losing 278 points, or 1.5%, to close at 17,910.

Oil prices soared nearly 4%, boosting energy stocks. Chevron (CVX.US) spiked 1.7% against the trend. Small-cap stocks were hit, with the Russell 2000 index sliding 1.5%.

Large tech stocks bore the brunt of Tuesday's rout. NVIDIA (NVDA.US) dived 3.7%. Apple (AAPL.US) waned nearly 3% after a fire halted production at its Tata factory in India. Tesla (TSLA.US) sank over 1%. However, Meta (META.US) bucked the trend, hitting a historic high and closing up 0.7%.
~



AAStocks Financial News
Web Site: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
APPLE (C)	10321	262 (-)	0.127	8.5 X
APPLE (C)	10322	238 (-)	0.145	10.3 X
APPLE (P)	10410	193 (-)	0.133	5.7 X
APPLE (P)	10320	186 (-)	0.036	10.5 X
TSLA (C)	10344	370 (-)	0.124	6.2 X
TSLA (C)	10305	280 (-)	0.520	4.0 X
TSLA (C)	10306	250 (-)	0.570	4.3 X
TSLA (P)	10434	180 (-)	0.225	2.9 X
TSLA (P)	10342	160 (-)	0.101	3.8 X
MSFT (C)	10367	500 (-)	0.214	8.5 X
MSFT (P)	10308	370 (-)	0.126	9.7 X
MSFT (P)	10421	344 (-)	0.199	5.9 X
Nvidia (C)	10297	166 (-)	0.030	8.1 X
Nvidia (C)	10319	150 (-)	0.088	5.9 X
Nvidia (C)	10314	140 (-)	0.090	6.4 X
Nvidia (P)	10299	120 (-)	0.235	3.6 X
Nvidia (P)	10300	110 (-)	0.236	2.6 X
Nvidia (P)	10315	100 (-)	0.136	3.5 X
META (C)	10316	730 (-)	0.144	10.0 X
META (P)	10317	365 (-)	0.040	8.1 X