US President Donald Trump's extension of the US ceasefire agreement with Iran, paired rosy corporate earnings, boosted market sentiment. The Nasdaq and the S&P 500 both closed at record highs. US equities advanced across the board on Wednesday.
The S&P 500 erased its losses for the week, adding 73 points, or 1.1%, to close at 7,137. The Nasdaq hit an intraday record high of 24,660 and finished up 397 points, or 1.6%, at 24,657. The DJIA shot up 340 points, or 0.7%, to close at 49,490.
Apple (AAPL.US) spiked 2.6%, leading gains among the "Magnificent Seven", as CEO Tim Cook will serve long-term as chairman. Alphabet (GOOG.US) and Amazon (AMZN.US) each climbed more than 2%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALPBE (C) |
10080 |
360 (-) |
0.234 |
9.0 X |
| MSFT (C) |
11006 |
550 (-) |
0.032 |
14.7 X |
| MSFT (C) |
11136 |
450 (-) |
0.540 |
6.1 X |
| MSFT (P) |
11064 |
390 (-) |
0.370 |
5.2 X |
| NFLX (C) |
10088 |
140 (-) |
0.018 |
8.4 X |
| APPLE (C) |
10079 |
320 (-) |
0.031 |
16.5 X |
| APPLE (C) |
11132 |
300 (-) |
0.221 |
7.6 X |
| APPLE (P) |
11063 |
248 (-) |
0.200 |
5.9 X |
| AMZN (C) |
11070 |
245 (-) |
0.510 |
5.0 X |
| AMZN (P) |
11137 |
180 (-) |
0.111 |
4.4 X |
