Federal Reserve Chair Jerome Powell stated that the strong US economy might require patience regarding future rate cuts. US stocks' losses deepened near the market close on Thursday. The DJIA fell 207 points or 0.5% to close at 43,750. The S&P 500 dipped 36 points or 0.6% to close at 5,949. The Nasdaq dived 123 points or 0.6% to close at 19,107.
Amid reports suggesting that Donald Trump's transition team plans to cancel electric vehicle tax incentives, Tesla (TSLA.US) tumbled 5.8%, and Rivian (RIVN.US) plummeted 14.3%.
Tech stocks showed varying trends. Nvidia (NVDA.US) edged up 0.3%. Apple (AAPL.US) climbed 1.4%. Amazon (AMZN.US) waned 1.2% after hitting a 52-week high ahead of Black Friday.
Disney (DIS.US) beat expectations with a 74% YoY surge in its 4FQ net profit, elevating its stock price by 6.2%. Cisco Systems (CSCO.US) sagged 2.1% after its revenue guidance for this quarter beat estimates.
Super Micro Computer (SMCI.US) shed over 11.4% again, with the company at risk of delisting after failing to deliver results.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10298 |
184 (-) |
0.070 |
7.5 X |
| Nvidia (P) |
10300 |
110 (-) |
0.080 |
4.4 X |
| APPLE (C) |
10321 |
262 (-) |
0.093 |
10.4 X |
| APPLE (P) |
10410 |
193 (-) |
0.074 |
7.9 X |
| AMZN (C) |
10406 |
220 (-) |
0.203 |
6.4 X |
| AMZN (P) |
10449 |
174 (-) |
0.193 |
4.3 X |
| TSLA (C) |
10344 |
370 (-) |
0.330 |
6.7 X |
| TSLA (P) |
10434 |
180 (-) |
0.061 |
4.3 X |
