The three major US stock indexes tumbled on Thursday amid market concerns about US President Donald Trump's new tariff plan. The DJIA’s slump deepened, with the biggest drop of 677 points, bottoming at 43,950. The downfall eventually narrowed to 450 points or 1%, to rest at 44,176.
The S&P 500, which had set new highs for several consecutive days, ebbed back from its peak, closing 26 points or 0.4% lower at 6,117. The Nasdaq sank 93 points or 0.5% to 19,962.
Walmart (WMT.US) cratered 6.5% after delivering rosy results for the previous fiscal quarter but expecting profit growth to slow.
Techs traded mixed. Tesla (TSLA.US) and Amazon (AMZN.US) fell 1.7% each, whereas Meta (META.US) dropped 1.3%. Nvidia (NVDA.US) gained 0.6%, while Apple (AAPL.US) inched up 0.4%.
Chinese ADRs had a good run, with Alibaba (BABA.US) closing up 8.1% after reporting quarterly results beat. Bilibili (BILI.US) also surged 8.8%, while JD.com (JD.US) shot up 5%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TSLA (C) |
10469 |
440 (-) |
0.455 |
4.5 X |
| TSLA (C) |
10441 |
350 (-) |
0.780 |
4.2 X |
| TSLA (P) |
10494 |
320 (-) |
0.510 |
3.4 X |
| TSLA (P) |
10468 |
250 (-) |
0.147 |
4.6 X |
| AMZN (C) |
10508 |
269 (-) |
0.089 |
9.1 X |
| AMZN (C) |
10406 |
220 (-) |
0.221 |
9.1 X |
| AMZN (P) |
10449 |
174 (-) |
0.051 |
7.6 X |
| Nvidia (C) |
10447 |
175 (-) |
0.080 |
7.0 X |
| Nvidia (C) |
10537 |
165 (-) |
0.197 |
4.6 X |
| Nvidia (C) |
10405 |
160 (-) |
0.072 |
8.9 X |
| Nvidia (P) |
10448 |
123 (-) |
0.109 |
5.2 X |
| Nvidia (P) |
10538 |
116 (-) |
0.142 |
3.6 X |
| META (C) |
10440 |
700 (-) |
0.900 |
6.5 X |
| META (P) |
10563 |
600 (-) |
0.630 |
4.4 X |
| META (P) |
10436 |
480 (-) |
0.026 |
11.7 X |
| APPLE (C) |
10507 |
297 (-) |
0.051 |
12.3 X |
| APPLE (C) |
10551 |
254 (-) |
0.270 |
7.2 X |
| APPLE (P) |
10495 |
218 (-) |
0.098 |
8.3 X |
