Investors took profits ahead of the Fed's monetary policy meeting, with the market focusing on the Fed's 2-day monetary policy meeting. US stocks weakened on Tuesday.
The S&P 500 hit another new all-time high shortly after the market opened, and reached 6,626 before falling. The index closed 8 points lower at 6,606. The Nasdaq fluctuated after setting a new high, and slid 14 points to 22,333. The DJIA ebbed 125 points or 0.3% to close at 45,757.
Techs were generally under pressure, with Nvidia (NVDA.US) and Microsoft (MSFT.US) slipping 1.6% and 1.2% respectively. Palantir (PLTR.US) and Alphabet (GOOG.US) also declined. Tesla (TSLA.US) continued to jump up by over 2.8%.
US and Chinese officials completed talks in Madrid this week, and reached a framework agreement regarding TikTok, allowing the app to continue operating in the US.
Oracle (ORCL.US) will assist TikTok in continuing its operations in the US, which boosted Oracle's share price by 1.5%, according to foreign media.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
10758 |
243 (-) |
0.320 |
6.3 X |
| APPLE (C) |
10614 |
236 (-) |
0.119 |
17.1 X |
| APPLE (P) |
10793 |
210 (-) |
0.163 |
5.6 X |
| APPLE (P) |
10678 |
170 (-) |
0.017 |
10.1 X |
| TSLA (C) |
10688 |
420 (-) |
0.740 |
5.0 X |
| TSLA (P) |
10692 |
280 (-) |
0.077 |
6.2 X |
| Nvidia (C) |
10721 |
175 (-) |
0.310 |
5.1 X |
| Nvidia (P) |
10714 |
125 (-) |
0.052 |
5.5 X |
| MSFT (C) |
10744 |
600 (-) |
0.238 |
9.1 X |
| MSFT (P) |
10715 |
435 (-) |
0.245 |
6.4 X |
| ALPBE (C) |
10759 |
240 (-) |
0.580 |
4.4 X |
| ALPBE (P) |
10716 |
153 (-) |
0.029 |
6.2 X |
