The Iran war will end very soon, US President Donald Trump stated on Monday. Oil prices wildly fluctuated on Monday, with New York oil futures once peaking near USD120 before reverting down by 5% and returning to USD86.
US stocks opened lower on Monday but turned north sequentially, with all three major indices closing higher. The DJIA opened 130 points lower and at one point tumbled as much as 886 points before steadily climbing, with a peak/trough volatility of 1,260 points. It ultimately closed at 47,740, up 239 points or 0.5%. The S&P 500 added 55 points or 0.8% to 6,795. The Nasdaq rallied 308 points or 1.4% to 22,695.
Semiconductor stocks advanced, with Broadcom (AVGO.US) leaping over 4%, and Micron (MU.US) and AMD (AMD.US) soaring 5%. NVIDIA (NVDA.US) jumped up more than 2%. Alphabet (GOOG.US) also increased by over 2%.
Oil and defense stocks closed lower against the market trend, with ExxonMobil (XOM.US), Chevron (CVX.US), and Lockheed Martin (LMT.US) all declining. Airlines initially plummeted but later rebounded, with United Airlines (UAL.US), Delta Air Lines (DAL.US), and American Airlines (AAL.US) swelling more than 2%.
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TSLA (C) |
11036 |
590 (-) |
0.101 |
7.8 X |
| TSLA (P) |
11037 |
435 (-) |
1.010 |
3.3 X |
| TSLA (P) |
10011 |
370 (-) |
0.041 |
23.3 X |
| META (C) |
11069 |
830 (-) |
0.355 |
7.1 X |
| META (P) |
10757 |
700 (-) |
0.970 |
7.4 X |
| AMZN (C) |
11070 |
245 (-) |
0.250 |
5.5 X |
| Broadcom (C) |
10072 |
435 (-) |
0.045 |
13.1 X |
| Broadcom (P) |
10073 |
310 (-) |
0.177 |
7.6 X |
| AMD (C) |
10760 |
225 (-) |
0.310 |
4.7 X |
| AMD (P) |
10777 |
155 (-) |
0.136 |
4.1 X |
| Nvidia (C) |
11007 |
205 (-) |
0.187 |
6.1 X |
| Nvidia (P) |
10057 |
165 (-) |
0.085 |
8.3 X |
| ALPBE (C) |
10080 |
360 (-) |
0.166 |
8.3 X |
| ALPBE (P) |
10012 |
230 (-) |
0.073 |
6.9 X |
