The market shrugged off the impact of last month's higher-than-expected U.S. producer prices, stabilizing U.S. stocks on Thursday. The DJIA once dived by 231 points but ended the day slightly down by 11 points at 44,911. The S&P 500 closed up by 1 point at 6,468, securing a three-day upswing. The Nasdaq finished down by 2 points at 21,710.
The U.S. government is reportedly considering taking a stake in chip manufacturer Intel (INTC.US), causing its stock to spike in late trading, ultimately settling up by 7.4%.
Blockbuster techs jumbled, with Amazon (AMZN.US) up by 2.9%; Meta (META.US) and Nvidia (NVDA.US) each up by 0.2%. Apple (AAPL.US) fell by 0.2% and Tesla (TSLA.US) dropped by 1.1%.
Chinese ADRs declined, with Alibaba (BABA.US) and Bilibili (BILI.US) slipping 2-3%. JD.com (JD.US) sagged 2.9%, despite 2Q results beat.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| AMZN (C) |
10580 |
245 (-) |
0.113 |
11.8 X |
| AMZN (P) |
10700 |
180 (-) |
0.111 |
5.0 X |
| TSLA (C) |
10688 |
420 (-) |
0.310 |
5.5 X |
| TSLA (P) |
10692 |
280 (-) |
0.285 |
4.2 X |
| META (C) |
10579 |
800 (-) |
0.570 |
10.3 X |
| META (P) |
10757 |
700 (-) |
0.970 |
3.6 X |
| APPLE (C) |
10758 |
243 (-) |
0.345 |
5.6 X |
| APPLE (C) |
10614 |
236 (-) |
0.151 |
12.2 X |
| APPLE (P) |
10678 |
170 (-) |
0.035 |
7.9 X |
| Nvidia (C) |
10721 |
175 (-) |
0.430 |
4.2 X |
| Nvidia (P) |
10714 |
125 (-) |
0.068 |
4.6 X |
