US stocks were in a mixed bag on Thursday, since the market digested corporate earnings and was watchful of US economic data. The DJIA closed up 17 points at 49,499 after fluctuating throughout the day.
Following NVIDIA's (NVDA.US) post-earnings retreat leading the downfall, the Nasdaq opened lower and drifted lower, ending down 273 points or 1.2% at 22,878. The S&P 500 finished down 37 points or 0.5% at 6,908.
NVIDIA's profit nearly doubled last fiscal quarter, exceeding expectations, with data center business revenue continuing to swell by 75%. However, its stock price retreated from its peak, closing down 5.5% for the day. Other chip stocks waned too, with Broadcom (AVGO.US) and AMD (AMD.US) diving about 3%, and Arm (ARM.US) shedding nearly 2%.
Large techs jumbled, with Tesla (TSLA.US) down 2.1%; Alphabet (GOOG.US) and Amazon (AMZN.US) down over 1%; and Apple (AAPL.US) down 0.5%. Meta (META.US) and Microsoft (MSFT.US) rose by less than 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 (-) |
0.033 |
12.0 X |
| Nvidia (C) |
11007 |
205 (-) |
0.240 |
5.4 X |
| Nvidia (P) |
10057 |
165 (-) |
0.093 |
7.5 X |
| TSLA (C) |
11036 |
590 (-) |
0.145 |
7.0 X |
| TSLA (P) |
11037 |
435 (-) |
1.000 |
3.2 X |
| TSLA (P) |
10011 |
370 (-) |
0.085 |
14.6 X |
| ALPBE (C) |
10080 |
360 (-) |
0.204 |
7.4 X |
| ALPBE (P) |
10012 |
230 (-) |
0.078 |
6.6 X |
| AMZN (C) |
10004 |
280 (-) |
N/A |
N/A |
| AMZN (C) |
11070 |
245 (-) |
0.227 |
5.4 X |
| AMZN (P) |
10700 |
180 (-) |
0.016 |
18.5 X |
| APPLE (C) |
10079 |
320 (-) |
0.080 |
11.3 X |
| APPLE (P) |
11063 |
248 (-) |
0.250 |
4.9 X |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
| META (C) |
11069 |
830 (-) |
0.425 |
6.5 X |
| META (P) |
10757 |
700 (-) |
1.000 |
6.6 X |
| MSFT (C) |
11006 |
550 (-) |
0.047 |
11.3 X |
| MSFT (P) |
10715 |
435 (-) |
0.590 |
9.6 X |
| MSFT (P) |
11064 |
390 (-) |
0.590 |
4.0 X |
| Broadcom (C) |
10072 |
435 (-) |
0.041 |
11.0 X |
| Broadcom (P) |
10073 |
310 (-) |
0.380 |
5.3 X |
| AMD (C) |
10760 |
225 (-) |
0.340 |
4.4 X |
| AMD (P) |
10777 |
155 (-) |
0.149 |
3.8 X |