The Nasdaq logged a new high again on Monday prior to the Federal Reserve's interest rate meeting this week. Peaking at 20,204, it closed at 20,173, a new closing high, up 247 pts or 1.2%. The DJIA ebbed 110 pts or 0.3% to 43,717, marking the eighth consecutive day of decline, notching the longest downtrend since 2018. The S&P 500 closed 22 pts or 0.4% higher at 6,074.
Nvidia (NVDA.US), a popular stock for AI chips, has slid about 12% from last month's closing high, officially entering a trajectory of adjustment. The stock fell 1.7% against the market on Monday. Broadcom (AVGO.US) surged 11% to a record high. Other techs also ascended, with Tesla (TSLA.US) up 6%, Alphabet (GOOG.US) up more than 3%, and Apple (AAPL.US) up more than 1%, all three hitting record highs.
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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) |
10447 |
175 (-) |
0.106 |
5.3 X |
| Nvidia (C) |
10405 |
160 (-) |
0.114 |
5.7 X |
| Nvidia (P) |
10448 |
123 (-) |
0.213 |
3.3 X |
| Nvidia (P) |
10300 |
110 (-) |
0.099 |
4.7 X |
| TSLA (C) |
10493 |
620 (-) |
0.660 |
3.6 X |
| TSLA (C) |
10469 |
440 (-) |
1.390 |
2.9 X |
| TSLA (P) |
10494 |
320 (-) |
0.495 |
2.6 X |
| TSLA (P) |
10468 |
250 (-) |
0.188 |
3.2 X |
| APPLE (C) |
10321 |
262 (-) |
0.157 |
10.3 X |
| APPLE (P) |
10495 |
218 (-) |
0.171 |
5.6 X |
| APPLE (P) |
10410 |
193 (-) |
0.038 |
9.0 X |
