Investors are eyeing the inflation data to be released this week to assess the health of the US economy. Technology stocks pioneered the market on Monday, with the Nasdaq touching a new high of 21,885, ultimately closing up 98 points or 0.5% at 21,798, marking a new closing high. The DJIA ended up 114 points or 0.3% at 45,514, and the S&P 500 added 13 points or 0.2% to 6,495.
The uptrend was mainly propelled by chip makers, with Broadcom (AVGO.US) soaring 3% and NVIDIA (NVDA.US) gaining nearly 1%, reversing some of the recent declines. Amazon (AMZN.US) and Microsoft (MSFT.US) also ascended.
Elon Musk's SpaceX reportedly splurged about US$17 billion to acquire EchoStar's (SATS.US) wireless spectrum, potentially dabbling into the US mobile network market and altering the current market landscape. EchoStar hit a 52-week high, finishing up 20%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10721 |
175 (-) |
0.290 |
5.2 X |
| Nvidia (P) |
10714 |
125 (-) |
0.062 |
5.1 X |
| META (C) |
10579 |
800 (-) |
0.239 |
17.4 X |
| META (P) |
10757 |
700 (-) |
0.950 |
3.8 X |
| AMZN (C) |
10580 |
245 (-) |
0.100 |
15.2 X |
| AMZN (P) |
10700 |
180 (-) |
0.093 |
5.3 X |
| MSFT (C) |
10744 |
600 (-) |
0.208 |
9.2 X |
| MSFT (P) |
10715 |
435 (-) |
0.290 |
6.0 X |
