US President Donald Trump imposed new tariffs on six countries including the Philippines, leading to a rebound in US stocks at close on Wednesday. The market light was shed on Nvidia (NVDA.US), of which market cap surpassed US$4 trillion, making it the first company in US stock history to reach this valuation.
On the ride of the upsurge in tech stocks, the Nasdaq closed at a new record high, up 192 points or 0.9% at 20,611. The DJIA rebounded after two consecutive days of decline, closing up 217 points or 0.5% at 44,458. The S&P 500 closed up 37 points or 0.6% at 6,263.
Nvidia's settled higher by nearly 2%, with its market cap surpassing US$4 trillion for the first time. Other major techs also ascended, with Meta (META.US), Microsoft (MSFT.US), and Alphabet (GOOG.US) each gaining over 1%.
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10721 |
175 (-) |
0.375 |
4.2 X |
| Nvidia (P) |
10714 |
125 (-) |
0.099 |
4.0 X |
| META (C) |
10579 |
800 (-) |
0.375 |
9.4 X |
| META (P) |
10563 |
600 (-) |
0.077 |
13.8 X |
| MSFT (C) |
10744 |
600 (-) |
0.340 |
7.7 X |
| MSFT (C) |
10557 |
515 (-) |
0.305 |
13.5 X |
| MSFT (P) |
10715 |
435 (-) |
0.315 |
5.3 X |
| ALPBE (C) |
10571 |
195 (-) |
0.170 |
9.0 X |
| ALPBE (P) |
10716 |
153 (-) |
0.112 |
4.7 X |
