US stocks showed little movement on Wednesday as the market awaited Nvidia (NVDA.US)'s latest quarterly results and investors stayed put. The S&P 500 closed up 0.1 point at 5,917, remaining nearly unchanged from Tuesday. The DJIA opened higher, eventually closing up 139 points or 0.3% at 43,408. The Nasdaq slipped 21 points or 0.1% to close at 18,966.
Nvidia waned 0.8% ahead of its results. Tesla (TSLA.US), another stock in the investor spotlight, also lost over 1%.
After reporting 3FQ earnings below expectations and lowering its full-year guidance, retail stock Target (TGT.US) faced heavy pressure, plunging 21% for the day. The disappointment heaped pressure on other major retail stocks, including the SPDR S&P Retail ETF (XRT.US), which fell nearly 1%. Discount retailers were also infected. Dollar Tree (DLTR.US) and Dollar General (DG.US) shed 2%-4%, while e-commerce giant Amazon (AMZN.US) eroded nearly 1%.
As Bitcoin surged to US$94,000, Bitcoin heavyweight Microstrategy (MSTR.US) hit a 52-week high, rallying 10% for the day. Bitcoin miner BTC Digital (BTCT.US) also climbed another 11%.
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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 (-) |
0.071 |
7.5 X |
| Nvidia (P) |
10300 |
110 (-) |
0.080 |
4.4 X |
| TSLA (C) |
10344 |
370 (-) |
0.330 |
6.7 X |
| TSLA (P) |
10434 |
180 (-) |
0.061 |
4.3 X |
| AMZN (C) |
10406 |
220 (-) |
0.201 |
6.4 X |
| AMZN (P) |
10449 |
174 (-) |
0.195 |
4.3 X |
