The DJIA and S&P 500 climbed to new highs on Tuesday, shrugging off weak US consumer confidence data. All 3 major US stock indexes closed higher. Hitting a new all-time high at the market open on Tuesday, the DJIA broke above the peak again during the day, rising as much as 156 points to a new high of 42,281. It closed the day up 83 points, or 0.2%, at 42,208. The S&P 500 also set a new high, peaking at 5,735. It ended the day up 14 points, or 0.3%, at 5,732. Boosted by a surge in NVIDIA (NVDA.US), the Nasdaq soared 100 points, or 0.6%, to close at 18,074.
Regulatory filings showed that NVIDIA's CEO Jensen Huang temporarily halted selling the shares, leading to a 4% rise in NVIDIA's stock price, which pushed up the Nasdaq.
Following China's announcement of a series of economic stimulus measures, related Chinese stocks in the US market outshone, with iShares China Large-Cap ETF (FXI.US) advancing nearly 10%. Individual stocks also delivered remarkable performances. JD.com (JD.US) skyrocketed 14%. Alibaba (BABA.US) hit a 52-week high, up nearly 8%. PDD (PDD.US) escalated 11%. Baidu (BIDU.US) swelled 7.4%. Bilibili (BILI.US) ascended 17%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10405 |
160 (-) |
0.169 |
4.2 X |
| Nvidia (C) |
10319 |
150 (-) |
0.124 |
5.5 X |
| Nvidia (C) |
10314 |
140 (-) |
0.130 |
5.9 X |
| Nvidia (P) |
10299 |
120 (-) |
0.194 |
3.8 X |
| Nvidia (P) |
10300 |
110 (-) |
0.208 |
2.8 X |
| Nvidia (P) |
10315 |
100 (-) |
0.116 |
3.6 X |
