The US bourse nosedived after midday on Thursday as the market weighed interest rate cuts and the AI bubble. The DJIA wiped off its earlier gain of 717 points, closing down 386 points or 0.8% at 45,752. The Nasdaq slipped 486 points or 2.2%, closing at 22,078. The two indices experienced intraday swings of over 1,000 points. The S&P 500 ended down 103 points or 1.6%, at 6,538.
AI stocks faced refreshed selling pressure. Nvidia (NVDA.US), which had swelled more than 6% on promising results performance, briskly retreated to close down 3.2%. AMD (AMD.US) plunged 7.8%. Oracle (ORCL.US) fell off 6.6%.
Key techs reversed course, with Tesla (TSLA.US) and Amazon (AMZN.US) both sagging over 2%. Microsoft (MSFT.US) dropped 1.6%. Alphabet (GOOG.US) lost 1% after hitting a new intraday high. Apple (AAPL.US) dipped 0.9%.
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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) |
10055 |
230 (-) |
0.167 |
5.3 X |
| Nvidia (C) |
10721 |
175 (-) |
0.290 |
5.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.249 |
3.5 X |
| AMD (C) |
10760 |
225 (-) |
0.590 |
3.0 X |
| AMD (P) |
10777 |
155 (-) |
0.255 |
2.5 X |
| TSLA (C) |
10010 |
530 (-) |
0.355 |
5.0 X |
| TSLA (P) |
10011 |
370 (-) |
0.680 |
3.1 X |
| ALPBE (C) |
10080 |
360 (-) |
0.345 |
4.9 X |
| ALPBE (P) |
10012 |
230 (-) |
0.218 |
4.0 X |
| APPLE (C) |
10079 |
320 (-) |
0.176 |
7.2 X |
| APPLE (P) |
10793 |
210 (-) |
0.068 |
7.5 X |
| MSFT (C) |
10744 |
600 (-) |
0.128 |
9.9 X |
| MSFT (P) |
10715 |
435 (-) |
0.305 |
6.7 X |
| AMZN (C) |
10004 |
280 (-) |
0.101 |
7.4 X |
| AMZN (P) |
10700 |
180 (-) |
0.121 |
5.5 X |
