The market was hopeful that the US and Iran could reach a ceasefire agreement, leading to a drop in oil prices and a rise in US stocks on Wednesday.
The DJIA spiked 305 points or 0.7% to 46,429. The S&P 500 mounted 35 points or 0.5% to 6,591. The Nasdaq added 167 points or 0.8% to 21,929.
Iran received a 15-point peace proposal from the US, and the news bolstered tech stocks and elevated the market, the Associated Press reported, citing Istanbul officials.
Arm (ARM.US) launched a new AI chip, expected to boost total revenue to USD25 billion, with the stock surging 16%, making it the best-performing constituent in the Nasdaq 100.
NVIDIA (NVDA.US) leaped 2%. AMD (AMD.US) and Intel (INTC.US) both soared 7%, ranking as the second and third best-performing constituents in the Nasdaq.
Amazon (AMZN.US) acquired humanoid robot developer Fauna Robotics, shoring up its stock by over 2%. However, Micron (MU.US) sagged more than 3% against the market trend, on concerns over its capex and GM.
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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) |
11007 |
205 (-) |
0.117 |
7.5 X |
| Nvidia (P) |
11090 |
168 (-) |
0.375 |
2.5 X |
| Nvidia (P) |
10057 |
165 (-) |
0.067 |
11.3 X |
| AMD (C) |
10760 |
225 (-) |
0.375 |
4.8 X |
| AMD (P) |
10777 |
155 (-) |
0.085 |
4.9 X |
| TSLA (C) |
11036 |
590 (-) |
0.043 |
9.6 X |
| AMZN (C) |
11070 |
245 (-) |
0.198 |
6.2 X |
| MU (C) |
11115 |
700 (-) |
0.355 |
3.8 X |
| MU (P) |
11114 |
400 (-) |
1.650 |
1.4 X |
