All three major US stock indices closed higher on Monday, on the back of the spike in Apple (AAPL.US)'s stock price. Investors eyed the potential end to the ongoing US government shutdown this week, as well as the upcoming release of a series of major corporate earnings and inflation data.
The DJIA kept surging, closing up 515 points or 1.1% at 46,706. The S&P 500 rose 71 points or 1.1% to 6,735. The Nasdaq swelled 310 points or 1.4% to 22,990.
Apple notched a new closing high of US$262.24, with its stock price leaping nearly 4%, leading the market upward. The iPhone 17 series, which was launched in September, sold 14% more units in the US and China than the iPhone 16 series in the first 10 days after its launch, according to data from Counterpoint Research.
Several major companies are set to announce quarterly earnings this week, including Netflix (NFLX.US), Coca-Cola (KO.US), Tesla (TSLA.US), and Intel (INTC.US).
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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 (-) |
0.530 |
5.4 X |
| APPLE (P) |
10793 |
210 (-) |
0.086 |
6.8 X |
| TSLA (C) |
10010 |
530 (-) |
0.750 |
4.0 X |
| TSLA (P) |
10011 |
370 (-) |
0.580 |
3.0 X |
| Nvidia (C) |
10055 |
230 (-) |
0.189 |
5.1 X |
| Nvidia (C) |
10721 |
175 (-) |
0.355 |
5.0 X |
| Nvidia (P) |
10057 |
165 (-) |
0.265 |
3.3 X |
| Nvidia (P) |
10714 |
125 (-) |
0.041 |
5.9 X |
