U.S. bourse advanced on Wednesday, with the three major indices charting gains for the fourth consecutive trading day ahead of the Thanksgiving holiday. The DJIA settled up 314 points or 0.7%, at 47,427. The S&P 500 hiked 46 points or 0.7%, closing at 6,812. The Nasdaq jumped up 189 points or 0.8%, resting at 23,214.
AI concept stocks shored up the market, with Oracle (ORLC.US) surging approximately 4% as Deutsche Bank reiterated its bullishness on the stock. Nvidia (NVDA.US), threatened by Google in its AI chip dominance, saw its stock price rebound over 1%. Other chip stocks such as Broadcom (AVGO.US) and AMD (AMD.US) each spiked over 3%.
Among the "Magnificent Seven", Microsoft (MSFT.US) and Tesla (TSLA.US) each leaped nearly 2%, while Alphabet (GOOG.US) experienced the sharpest slump, falling about 1%.
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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 (-) |
0.149 |
5.7 X |
| Nvidia (C) |
10721 |
175 (-) |
0.250 |
6.8 X |
| Nvidia (P) |
10057 |
165 (-) |
0.237 |
3.7 X |
| TSLA (C) |
10010 |
530 (-) |
0.455 |
5.0 X |
| TSLA (P) |
10011 |
370 (-) |
0.480 |
3.7 X |
| MSFT (C) |
10744 |
600 (-) |
0.096 |
11.9 X |
| MSFT (P) |
10715 |
435 (-) |
0.229 |
7.7 X |
| ALPBE (C) |
10080 |
360 (-) |
0.540 |
4.5 X |
| ALPBE (P) |
10012 |
230 (-) |
0.144 |
4.4 X |
| Broadcom (C) |
10072 |
435 (-) |
0.720 |
4.3 X |
| Broadcom (P) |
10073 |
310 (-) |
0.330 |
3.7 X |
| AMD (C) |
10760 |
225 (-) |
0.610 |
3.2 X |
| AMD (P) |
10777 |
155 (-) |
0.211 |
2.8 X |
