The market eyed on the latest batch of US corporate earnings, with the Nasdaq outrunning the three major US stock indices on Wednesday. The Nasdaq leaped 252 points or 1.2%, ending at 21,169; the S&P 500 closed up 45 points or 0.7%, at 6,345; and the DJIA added 81 points or 0.2%, finishing at 44,193.
The White House is reportedly set to announce after market close a US$100 billion reinvestment in the US alongside Apple (AAPL.US). Besides, Apple is reportedly not immensely impacted by India's new tariffs. The stock jumped up 5% at close.
Stocks that had delivered results continued to be the market's focus. Snap (SNAP.US) reported 2Q average revenue per user below expectations, with its stock price diving 17%. Shopify (SHOP.US) beat forecast with its third-quarter guidance, with its stock price soaring 22%, making it the top performer among Nasdaq 100 constituents.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
10758 |
243 (-) |
0.315 |
5.2 X |
| APPLE (C) |
10614 |
236 (-) |
0.082 |
13.8 X |
| APPLE (P) |
10678 |
170 (-) |
0.048 |
7.5 X |
| AMD (C) |
10572 |
130 (-) |
0.800 |
2.9 X |
| TSLA (C) |
10688 |
420 (-) |
0.265 |
5.5 X |
| TSLA (P) |
10692 |
280 (-) |
0.370 |
3.7 X |
