The U.S. and China agreed to briefly reduce tariffs for 90 days, reigniting hopes for economic growth and driving a sharp rally in U.S. markets on Monday.
The DJIA closed near its intraday high, skyrocketing 1,160 points or 2.8% to 42,410. The S&P 500 added 184 points or 3.3% to 5,844. The Nasdaq swelled 779 points or 4.4% to 18,708.
As U.S.-China intense relations showed signs of thawing, Chinese ADRs rallied, with Alibaba (BABA.US) and Pinduoduo (PDD.US) gaining 5%-6%.
Among the “Magnificent Seven”, Amazon (AMZN.US) led the pack, leaping approximately 8%. Tesla (TSLA.US) advanced 6.8%. Apple (AAPL.US) jumped up 6.3%. Nvidia (NVDA.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 |
| AMZN (C) |
10580 |
245 (-) |
0.138 |
7.4 X |
| AMZN (P) |
10449 |
174 (-) |
0.032 |
11.6 X |
| TSLA (C) |
10469 |
440 (-) |
0.056 |
9.5 X |
| TSLA (C) |
10591 |
300 (-) |
0.910 |
3.5 X |
| TSLA (P) |
10604 |
190 (-) |
0.134 |
3.5 X |
| APPLE (C) |
10551 |
254 (-) |
0.028 |
14.2 X |
| APPLE (C) |
10614 |
236 (-) |
0.162 |
7.4 X |
| APPLE (P) |
10495 |
218 (-) |
0.231 |
8.2 X |
| APPLE (P) |
10678 |
170 (-) |
0.164 |
4.2 X |
| Nvidia (C) |
10537 |
165 (-) |
0.023 |
9.7 X |
| Nvidia (C) |
10573 |
150 (-) |
0.123 |
5.4 X |
| Nvidia (C) |
10615 |
135 (-) |
0.223 |
4.2 X |
| Nvidia (P) |
10538 |
116 (-) |
0.143 |
4.8 X |
| Nvidia (P) |
10581 |
95 (-) |
0.104 |
3.5 X |
