The initial value of US December retail sales fell short of expectations surprisingly. On Tuesday, the DJIA broke records for the third consecutive day, up 52 points or 0.1% to settle at 50,188, having reached a new intraday high of 50,512. The S&P 500 dipped 23 points or 0.3% to 6,941, while the Nasdaq dropped 136 points or 0.6% to 23,102.
In wake of the lackluster US retail data, shares of retailers Costco (COST.US) and Walmart (WMT.US) were subdued, down more than 2% and 1% respectively.
Disney (DIS.US) and Home Depot (HD.US) led the gains among the 30 DJIA constituents, each up over 2%. Under Nasdaq, Tesla (TSLA.US) was the only stock among the Magnificent Seven that logged upswing, gaining nearly 2%.
In terms of stocks that had released earnings, Spotify (SPOT.US) soared 14.8% as it saw its fourth-quarter net profit surge by 2.2 times.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| MSFT (C) |
11006 |
550 (-) |
0.076 |
10.5 X |
| MSFT (P) |
10715 |
435 (-) |
0.445 |
9.4 X |
| MSFT (P) |
11064 |
390 (-) |
0.540 |
3.9 X |
| TSLA (C) |
11036 |
590 (-) |
0.260 |
5.9 X |
| TSLA (P) |
11037 |
435 (-) |
0.950 |
3.0 X |
| TSLA (P) |
10011 |
370 (-) |
0.116 |
10.0 X |
