The number of initial jobless claims in the US surprisingly sank to 198,000 last week, leading US bourse to open higher and drift higher on Thursday. The DJIA rallied as much as 431 points, and closed up 292 points or 0.6% at 49,442. The Nasdaq narrowed its gains, ending up 58 points or 0.3% at 23,530. The S&P 500 finished up 17 points or 0.3% at 6,944.
Banks rebounded, with Morgan Stanley (MS.US) charting fourth-quarter earnings and revenue beat, resulting in a 5.8% spike in its stock price. Goldman Sachs (GS.US) saw its fourth-quarter net profit hike by 12%, also beating expectations, with its stock price soaring 4.6%. Citi (C.US) swelled 4.5%, whereas JPMorgan (JPM.US) edged up 0.5%.
Chip makers were well-shaped, with TSMC (TSM.US) reporting a 35% YoY rise in quarterly net profit, exceeding expectations, and its ADR stock price leaping 4.4%. NVIDIA (NVDA.US) jumped up 2.1%, and Micron (MU.US) rose 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 (-) |
0.093 |
7.9 X |
| Nvidia (C) |
11007 |
205 (-) |
0.315 |
4.6 X |
| Nvidia (P) |
10057 |
165 (-) |
0.135 |
5.4 X |
