The de-escalation of US-China trade tensions and the unexpected slowdown in US April inflation rate to 2.3%, the lowest in over four years, led to a broadly positive performance in US stocks on Tuesday.
The S&P 500 and Nasdaq elevated, with the former closing up 42 points or 0.7% at 5,886, wiping off the year's accumulated losses and reclaiming growth. The Nasdaq finished up 301 points or 1.6% at 19,010. However, the DJIA was the exception, opening higher but eventually closing down 269 points or 0.6% at 42,140.
Most techs advanced, with Nvidia (NVDA.US) set to send 18,000 AI chips to Saudi Arabia, leaping 5.6% and leading gains among the "Magnificent Seven". Chip peers also leaped, with Broadcom (AVGO.US) and AMD (AMD.US) both up 4%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10537 |
165 (-) |
0.047 |
9.3 X |
| Nvidia (C) |
10573 |
150 (-) |
0.199 |
4.9 X |
| Nvidia (C) |
10615 |
135 (-) |
0.335 |
3.8 X |
| Nvidia (P) |
10538 |
116 (-) |
0.081 |
5.8 X |
| Nvidia (P) |
10581 |
95 (-) |
0.071 |
3.9 X |
| AMZN (C) |
10580 |
245 (-) |
0.152 |
7.1 X |
| AMZN (P) |
10449 |
174 (-) |
0.024 |
12.9 X |
| AMD (C) |
10572 |
130 (-) |
0.244 |
3.8 X |
| AMD (P) |
10450 |
118.5 (-) |
0.144 |
6.0 X |
