Investors eyed on the surge in U.S. bond yields, prompting U.S. stocks to plunge on Tuesday after reopening from a long holiday, although they recovered some losses before the close. The DJIA slid nearly 600 points or 1.3% during the session, busting below 45,000, and ultimately closed down 249 points or 0.6% at 45,295. The S&P 500 dipped 44 points or 0.7% to 6,415. The Nasdaq sank 175 points or 0.8% to 21,279.
Nvidia (NVDA.US) fell off 4% at one point, but later posted a denial of chip woe rumors, stating that it has sufficient H100 and H200 chips to fulfill every order without delivery delays, narrowing its loss to 2% by the close. Some investors took profits, with techs being the main focus of selling. Amazon (AMZN.US) and Apple (AAPL.US) both sagged over 1%. Tesla (TSLA.US) began delivery of its first batch of Model YL in China, with August sales of China-made vehicles rebounding 22% MoM, yet the stock still lost 1.4%.
NIO (NIO.US) delivered a record 31,305 vehicles in August, but its adjusted earnings and revenue for the last quarter were disappointing, causing the stock to initially fall before stabilizing and swelling over 3%.
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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 (-) |
0.091 |
15.3 X |
| AMZN (P) |
10700 |
180 (-) |
0.098 |
5.3 X |
| Nvidia (C) |
10721 |
175 (-) |
0.290 |
5.0 X |
| Nvidia (P) |
10714 |
125 (-) |
0.069 |
4.9 X |
| TSLA (C) |
10688 |
420 (-) |
0.244 |
6.4 X |
| TSLA (P) |
10692 |
280 (-) |
0.212 |
5.1 X |
| APPLE (C) |
10758 |
243 (-) |
0.350 |
6.0 X |
| APPLE (C) |
10614 |
236 (-) |
0.159 |
14.1 X |
| APPLE (P) |
10793 |
210 (-) |
0.186 |
5.0 X |
| APPLE (P) |
10678 |
170 (-) |
0.021 |
9.2 X |
