The three major US stock indices closed down 0.3-0.6% on Monday (14th). The DJIA settled at 52,421, down 152 points or 0.29%. The S&P 500 dropped 37 points or 0.48% to close at 7,619. The Nasdaq sank 146 points or 0.56% to end at 26,186.
Industry bellwethers including Anthropic called for a slowdown in development, sparking market concerns over cooling investment cycles in AI, putting pressure on AI concept stocks. NVIDIA Corporation (NVDA.US) dived 3.4%, Advanced Micro Devices, Inc. (AMD.US) slid 4.4%, Broadcom Inc. (AVGO.US) tumbled 4.7%, while SK hynix Inc. (SKHY.US) plunged 7.6%.
Bank of America Corporation (BAC.US) eroded 5.1% after management's outlook on 3Q business triggered market concerns. Major Wall Street banks were also dragged lower, with JP Morgan Chase & Co. (JPM.US) down 1.7%, Morgan Stanley (MS.US) down 3.6%, and Goldman Sachs (GS.US) down nearly 4%.
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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) |
11185 |
275 (-) |
0.063 |
9.0 X |
| Nvidia (P) |
11090 |
168 (-) |
0.069 |
6.7 X |
| AMD (C) |
11214 |
700 (-) |
0.270 |
5.9 X |
| Broadcom (C) |
11128 |
380 (-) |
0.305 |
6.9 X |
| Broadcom (P) |
11129 |
280 (-) |
0.110 |
7.4 X |
