The number of initial unemployment insurance weekly claims in the US last week fell to the lowest level in over 3 years, strengthening investors' confidence in a potential rate cut by the Fed in December.
US stocks showed mixed movements on Thursday. The DJIA opened higher but closed down 31 points or nearly 0.1% to 47,850. The Nasdaq fluctuated and closed up 51 points or 0.2% to 23,505, while the S&P 500 picked up 7 points or 0.1% to close at 6,857, with both indices rising for 3 consecutive trading days.
Meta (META.US) closed up 3.4% at close, amid rumors that Mark Zuckerberg planned to significantly cut the budget for its metaverse project, with layoffs potentially starting as early as next month.
Large techs showed varied performances, with Nvidia (NVDA.US) climbing 2.1%. Tesla (TSLA.US) added 1.7%, while Microsoft (MSFT.US) ticked up 0.7%. Alphabet (GOOG.US) faded 0.7%, while Apple (AAPL.US) lost 1.2%. Micron Technology (MU.US) cascaded 3.2%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| META (C) |
10003 |
900 (-) |
0.232 |
7.7 X |
| META (P) |
10757 |
700 (-) |
1.330 |
3.9 X |
| Nvidia (C) |
10055 |
230 (-) |
0.152 |
5.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.209 |
4.0 X |
| TSLA (C) |
10010 |
530 (-) |
0.560 |
5.1 X |
| TSLA (P) |
10011 |
370 (-) |
0.330 |
4.4 X |
| ALPBE (C) |
10080 |
360 (-) |
0.485 |
4.7 X |
| ALPBE (P) |
10012 |
230 (-) |
0.145 |
4.5 X |
| APPLE (C) |
10079 |
320 (-) |
0.224 |
7.2 X |
| APPLE (P) |
10793 |
210 (-) |
0.038 |
8.7 X |
| MSFT (C) |
10744 |
600 (-) |
0.080 |
12.4 X |
| MSFT (P) |
10715 |
435 (-) |
0.235 |
7.8 X |
