Amid lingering uncertainty over US-Iran peace talks, declines in software shares, and oil price surges, US equities retreated from their peaks on Thursday.
The DJIA once sank as much as 628 points or 1.3% after midday to a bottom of 48,861. It eventually closed down 179 points or 0.4% at 49,310. The Nasdaq ended 219 points or 0.9% lower at 24,438. The S&P 500 fell 29 points or 0.4%, closing at 7,108.
Software stocks were under sell-off pressure. Microsoft (MSFT.US) slid 4%. Oracle (ORCL.US) slumped 6%. IBM (IBM.US) plunged 8.3%. While it reported forecast-beating earnings for 1Q26, growth in its software business slowed. ServiceNow (NOW.US) nosedived 17.8% after it lowered its operating margin guidance.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TSLA (C) |
11134 |
490 (-) |
0.320 |
5.4 X |
| TSLA (P) |
11135 |
330 (-) |
0.640 |
2.6 X |
| META (C) |
11069 |
830 (-) |
0.320 |
7.6 X |
| META (P) |
11138 |
475 (-) |
0.395 |
3.8 X |
| Nvidia (C) |
11007 |
205 (-) |
0.208 |
7.4 X |
| Nvidia (P) |
11090 |
168 (-) |
0.235 |
3.2 X |
| APPLE (C) |
10079 |
320 (-) |
0.028 |
17.1 X |
| APPLE (C) |
11132 |
300 (-) |
0.217 |
7.7 X |
| APPLE (P) |
11063 |
248 (-) |
0.199 |
5.9 X |
| AMZN (C) |
11070 |
245 (-) |
0.520 |
4.9 X |
| AMZN (P) |
11137 |
180 (-) |
0.110 |
4.4 X |
| MSFT (C) |
11136 |
450 (-) |
0.495 |
6.2 X |
| MSFT (P) |
11064 |
390 (-) |
0.400 |
5.2 X |
