US and Chinese officials continued trade negotiations for the second day, with markets anticipating positive outcomes, shoring up US stocks on Tuesday. The S&P 500 rose 32 points, or 0.6%, closing at 6,038. The DJIA gained 105 points, or 0.3%, to 42,866. The Nasdaq climbed 123 points, or 0.6%, to 19,714.
The tech and semiconductor sectors were well-shaped. Despite Apple’s (AAPL.US) Monday announcement that Macs will gradually phase out Intel (INTC.US) processors, Intel’s stock surged nearly 8% at close on Tuesday, making it the top performer in the Nasdaq 100. Nvidia (NVDA.US) added about 1%.
Tesla (TSLA.US) jumped up over 5%, driven by circulating social media videos showcasing its Model Y autonomous driving in Austin, Texas, and comments from US President Donald Trump expressing willingness to speak with CEO Elon Musk.
Apple (AAPL.US), which did not announce significant AI updates at its annual Worldwide Developers Conference, saw its stock grow 0.6%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
10614 |
236 (-) |
0.066 |
10.1 X |
| APPLE (P) |
10678 |
170 (-) |
0.158 |
4.7 X |
| TSLA (C) |
10688 |
420 (-) |
0.500 |
3.7 X |
| TSLA (C) |
10591 |
300 (-) |
0.820 |
3.8 X |
| TSLA (P) |
10692 |
280 (-) |
0.660 |
2.3 X |
| TSLA (P) |
10604 |
190 (-) |
0.116 |
3.8 X |
| Nvidia (C) |
10573 |
150 (-) |
0.212 |
5.3 X |
| Nvidia (C) |
10615 |
135 (-) |
0.360 |
4.0 X |
| Nvidia (P) |
10538 |
116 (-) |
0.028 |
9.6 X |
| Nvidia (P) |
10581 |
95 (-) |
0.043 |
4.9 X |
