The Fed announced it would keep interest rates unchanged as expected and indicated no rush to cut rates, swinging US stocks around on Wednesday.
The DJIA once surged by up to 294 points but ultimately closed the day down 44 points or 0.1% at 42,171. The S&P 500 edged 1 point lower to close at 5,980. The Nasdaq climbed by 25 points or 0.1%, closing at 19,546.
Tech stocks delivered varying performance. After dropping by 4% as its Texas plant announced a one-week production halt, Tesla (TSLA.US) rebounded 1.8% on Wednesday, making it the best performer among the Magnificent Seven. Microsoft (MSFT.US), Apple (AAPL.US), and Nvidia (NVDA.US) advanced by less than 1%. Amazon (AMZN.US) slipped by 1%.
The US Senate voted to pass the stablecoin bill, shoring up cryptocurrency concept stocks. Circle (CRCL.US) soared by 33.8%, while Coinbase (COIN.US) spiked by 16.3%.
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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) |
10688 |
420 (-) |
0.560 |
3.7 X |
| TSLA (C) |
10591 |
300 (-) |
0.930 |
3.7 X |
| TSLA (P) |
10692 |
280 (-) |
0.580 |
2.4 X |
| TSLA (P) |
10604 |
190 (-) |
0.087 |
4.2 X |
| APPLE (C) |
10614 |
236 (-) |
0.061 |
10.4 X |
| APPLE (P) |
10678 |
170 (-) |
0.152 |
4.9 X |
| Nvidia (C) |
10573 |
150 (-) |
0.225 |
5.3 X |
| Nvidia (C) |
10615 |
135 (-) |
0.380 |
4.0 X |
| Nvidia (P) |
10581 |
95 (-) |
0.037 |
5.1 X |
| AMZN (C) |
10580 |
245 (-) |
0.127 |
8.2 X |
| AMZN (P) |
10700 |
180 (-) |
0.230 |
3.5 X |
| MSFT (C) |
10557 |
515 (-) |
0.207 |
12.3 X |
