Amid continued market hopes for US-Iran peace talks, the S&P 500 and the Nasdaq both notched fresh record highs. The S&P 500 hit an intraday 52-week high of 7,026 and closed near the peak at 7,022, up 55 points or 0.8%. The Nasdaq also set a new high and finished near its record at 24,016, up 376 points or 1.6%. The DJIA lagged behind, finishing down 72 points or 0.2% at 48,463.
Tesla (TSLA.US) swelled 7.6%, after Elon Musk said progress had been made in chip development.
Meta (META.US) and Broadcom (AVGO.US) extended their customized AI chip partnership through 2029, with their shares up 1.4% and 4%, respectively.
Several banks had their results reported. Morgan Stanley (MS.US) hit a 52-week high, climbing more than 4%, while Bank of America (BAC.US) posted quarterly earnings beat, shoring its stock up by nearly 2%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| META (C) |
11069 |
830 (-) |
0.415 |
7.0 X |
| META (P) |
11138 |
475 (-) |
0.375 |
3.8 X |
| Broadcom (C) |
11128 |
380 (-) |
1.240 |
3.2 X |
| Broadcom (P) |
11129 |
280 (-) |
0.325 |
3.0 X |
| TSLA (C) |
11036 |
590 (-) |
0.052 |
9.5 X |
| TSLA (C) |
11134 |
490 (-) |
0.460 |
4.9 X |
| TSLA (P) |
11135 |
330 (-) |
0.570 |
2.7 X |
