Crude oil prices re-escalated as the Iran war entered its fourth week, leading to a retreat in US bourse Tuesday. The Nasdaq charted the wildest downswing, ending down 184 points or 0.8% at 21,761. The S&P 500 closed down 24 points or 0.4% at 6,556. The DJIA settled down 84 points or 0.2% at 46,124.
Software stocks came under pressure, with Salesforce (CRM.US) sliding more than 6%. Most tech stocks slumped, as Microsoft (MSFT.US) rented Texas data center dropped by OpenAI and Oracle (ORCL.US), causing Microsoft to sag over 2%. Amazon (AMZN.US) saw its Bahrain services disrupted again by the Iran conflict, falling 1.4%.
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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 (-) |
0.035 |
13.5 X |
| MSFT (C) |
11136 |
450 (-) |
0.490 |
6.1 X |
| MSFT (P) |
11064 |
390 (-) |
0.425 |
4.9 X |
| ALPBE (C) |
10080 |
360 (-) |
0.260 |
8.5 X |
| META (C) |
11069 |
830 (-) |
0.415 |
7.0 X |
| META (P) |
11138 |
475 (-) |
0.375 |
3.8 X |
| AMZN (C) |
11070 |
245 (-) |
0.475 |
4.9 X |
| AMZN (P) |
11137 |
180 (-) |
0.126 |
4.2 X |
