The Federal Reserve's plan to cut interest rates this year was questioned, as the US producer prices grew 0.2% MoM last December, which missed forecast, and the market was watchful of another inflation data this week.

Big techs plunged on Tuesday, weighing down on the Nasdaq which was again squeezed to rebound unsuccessfully. It rested at 19,044, down 43 points or 0.2%. The S&P 500 closed 6 points, or 0.1%, higher at 5,842. The DJIA surged 221 points, or 0.5%, to 42,518, since investors rotated to traditional stocks.

Investors flocked to utilities, financials and materials, all of which ascended more than 1%. Goldman Sachs (GS.US) and JP Morgan (JPM.US), which reported results this week, each hiked more than 1%.

Techs were dumped, with Nvidia (NVDA.US) down 1% and Meta (META.US) down more than 2%. Tesla (TSLA.US) closed down nearly 2% after reversing its early gains.
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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 (-)	N/A	N/A
Nvidia (C)	10537	165 (-)	N/A	N/A
Nvidia (C)	10405	160 (-)	0.128	6.7 X
Nvidia (P)	10448	123 (-)	N/A	N/A
Nvidia (P)	10538	116 (-)	N/A	N/A
Nvidia (P)	10300	110 (-)	0.038	7.1 X
TSLA (C)	10493	620 (-)	0.425	4.4 X
TSLA (C)	10469	440 (-)	1.140	3.3 X
TSLA (P)	10494	320 (-)	N/A	N/A
TSLA (P)	10468	250 (-)	N/A	N/A
META (C)	10440	700 (-)	N/A	N/A
META (P)	10436	480 (-)	N/A	N/A