The market was bullish about mega tech stocks overcoming antitrust regulatory threats. Alphabet (GOOG.US) ended the trading day up 9% as it erased the cloud of forced divestiture.
Thanks to Alphabet's rally, the Nasdaq stood out the most on Wednesday, eventually closing up 218 points or 1% at 21,497. The S&P 500 also crossed the finish line 32 points or 0.5% higher at 6,448. In contrast, the DJIA once fell as much as 315 points, but it managed to trim its loss to 24 points at close. It concluded the day at 45,271.
A court ruled that Google could keep its Chrome browser, but it couldn't sign exclusive search agreements and must share its data. Apple (AAPL.US) can continue to pre-install the Chrome browser and search engine on its iPhones. Its stock price rallied nearly 4%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALPBE (C) |
10759 |
240 (-) |
0.395 |
5.0 X |
| ALPBE (P) |
10716 |
153 (-) |
0.043 |
5.8 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 |
