Expectations of a Fed rate cut buoyed the US stock market upward on Wednesday. The DJIA ended the day up 463 points or 1% at 44,922, achieving a nearly 1,000-point gain over two days.
The S&P 500 closed 20 points or 0.3% higher at 6,466, reaching another closing high together with the Nasdaq, which finished at 21,713, up 31 points or 0.1%.
Tech stocks were mixed. AMD (AMD.US) surged by 5.4%. Amazon (AMZN.US) and Apple (AAPL.US) increased by over 1%. Nvidia (NVDA.US) dipped by 0.9%. Tesla (TSLA.US) inched down by 0.5%. Meta (META.US) dropped by 1.3%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| AMD (C) |
10760 |
225 (-) |
0.410 |
3.3 X |
| AMD (C) |
10572 |
130 (-) |
0.920 |
2.8 X |
| TSLA (C) |
10688 |
420 (-) |
0.340 |
5.3 X |
| TSLA (P) |
10692 |
280 (-) |
0.280 |
4.2 X |
| AMZN (C) |
10580 |
245 (-) |
0.079 |
12.7 X |
| AMZN (P) |
10700 |
180 (-) |
0.128 |
4.9 X |
| META (C) |
10579 |
800 (-) |
0.570 |
10.0 X |
| META (P) |
10757 |
700 (-) |
0.970 |
3.6 X |
| APPLE (C) |
10758 |
243 (-) |
0.350 |
5.5 X |
| APPLE (C) |
10614 |
236 (-) |
0.153 |
11.5 X |
| APPLE (P) |
10678 |
170 (-) |
0.036 |
7.8 X |
| Nvidia (C) |
10721 |
175 (-) |
0.425 |
4.2 X |
| Nvidia (P) |
10714 |
125 (-) |
0.071 |
4.5 X |
