US stocks were in a mixed bag, with the DJIA setting a new record close, as the market anticipated the end of the US federal government shutdown. The Nasdaq was dampened by downswing in AI-related stocks, as the market once again worried about the valuation of these shares.
The DJIA leaped 559.33 points or 1.18%, closing at 47,927.96.
The S&P 500 gained 14.18 points or 0.21%, closing at 6,846.61.
The Nasdaq dipped 58.87 points or 0.25%, closing at 23,468.3.
SoftBank disclosed the sale of its Nvidia (NVDA.US) shares, with the latter slipping by nearly 3%, making it the top loser among DJIA constituents. Cloud computing company CoreWeave (CRWV.US) trimmed its full-year revenue forecast, with its stock plunging 16%.
Pharmaceutical stocks were favored, with Merck (MRX.US) and Amgen (AMGN.US) soaring 4.8% and 4.6%, respectively, as the top gainers among DJIA constituents. Among other stocks, Apple (AAPL.US) spiked 2.2%, while Advanced Micro Devices (AMD.US) and Arm Holdings (ARM.US) fell off 2.7% and 3.3%; ASML (ASML.US) shed 1.6%, and Tesla (TSLA.US) lost 1.3%.
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10055 |
230 (-) |
0.136 |
5.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.237 |
3.8 X |
| APPLE (C) |
10079 |
320 (-) |
0.236 |
7.0 X |
| APPLE (P) |
10793 |
210 (-) |
0.038 |
8.6 X |
| AMD (C) |
10760 |
225 (-) |
0.640 |
3.2 X |
| AMD (P) |
10777 |
155 (-) |
0.197 |
2.8 X |
| TSLA (C) |
10010 |
530 (-) |
0.430 |
5.3 X |
| TSLA (P) |
10011 |
370 (-) |
0.455 |
3.9 X |
