US December inflation came in milder than expected, weighing down on all three major US stock indices on Tuesday. The DJIA finished down 398 points or 0.8%, at 49,191; the S&P 500 fell 13 points or 0.2%, to 6,963; and the Nasdaq inched down 24 points or 0.1%, to 23,709.
JPMorgan (JPM.US) saw its stock slump by 4.2% despite better-than-expected results last quarter, as US President Donald Trump's proposal to cap credit card interest rates at 10% affected bank stocks. Goldman Sachs (GS.US) also dipped over 1%, while other financials like Mastercard (MA.US) and Visa (V.US) shed more than 3% and 4% respectively, making them two of the worst performers of the day.
Intel (INTC.US), being the best performer of the Nasdaq, soared 7.3%; AMD (AMD.US) spiked 6.4%. Alphabet (GOOG.US) continued to thrive, up over 1%. Meta (META.US) sank 1.7% as Reality Labs laid off about 10% of its staff.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALPBE (C) |
10080 |
360 (-) |
0.480 |
5.3 X |
| ALPBE (P) |
10012 |
230 (-) |
0.079 |
5.7 X |
| META (C) |
10003 |
900 (-) |
0.053 |
11.6 X |
| META (P) |
10757 |
700 (-) |
1.490 |
4.3 X |
| AMD (C) |
10760 |
225 (-) |
0.660 |
3.5 X |
| AMD (P) |
10777 |
155 (-) |
0.110 |
3.8 X |
