US bourse opened lower and trended lower on Thursday amid intensified risk-off sentiment and persistent sell-off pressure on techs. The DJIA slid further, ending down 592 points or 1.2% at 48,908. The Nasdaq closed down 363 points or 1.6% at 22,540. The S&P 500 settled down 84 points or 1.2% at 6,798.
Blockbuster techs remained meager, with Microsoft (MSFT.US) tumbling 5%. Amazon (AMZN.US), which reported earnings after the market close, nosedived 4.4%. Tesla (TSLA.US) declined 2.2%. Nvidia (NVDA.US) lost 1.3%. Apple (AAPL.US) edged down 0.2%.
Alphabet (GOOG.US) logged a 30% profit hike last quarter, exceeding expectations, with capex expected to double this year. The stock initially slipped 8%, and ultimately closed down only 0.6%. Qualcomm (QCOM.US) beat expectations in its last fiscal quarter results, but its guidance was disappointing, leading to an 8.5% plunge in its stock price.
Bitcoin plummeted further, cascading over 15% to bottom at USD62,300. Cryptocurrency stocks followed suit, with major Bitcoin holder Strategy (MSTR.US) plummeting 17% and Coinbase (COIN.US) also slumping 13%.
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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 (-) |
0.365 |
6.1 X |
| ALPBE (P) |
10012 |
230 (-) |
0.069 |
6.3 X |
| MSFT (C) |
11006 |
550 (-) |
0.054 |
10.6 X |
| MSFT (P) |
10715 |
435 (-) |
0.670 |
7.2 X |
| MSFT (P) |
11064 |
390 (-) |
0.640 |
3.7 X |
| AMZN (C) |
10004 |
280 (-) |
0.011 |
14.0 X |
| AMZN (P) |
10700 |
180 (-) |
0.091 |
8.2 X |
| TSLA (C) |
11036 |
590 (-) |
0.184 |
6.1 X |
| TSLA (P) |
11037 |
435 (-) |
1.180 |
2.7 X |
| TSLA (P) |
10011 |
370 (-) |
0.255 |
7.6 X |
| APPLE (C) |
10079 |
320 (-) |
0.111 |
10.2 X |
| APPLE (P) |
11063 |
248 (-) |
0.260 |
4.5 X |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
| Nvidia (C) |
10055 |
230 (-) |
0.036 |
9.7 X |
| Nvidia (C) |
11007 |
205 (-) |
0.194 |
5.3 X |
| Nvidia (P) |
10057 |
165 (-) |
0.188 |
5.3 X |
