The momentum of tech stocks leading the market upswing tapered off, weighing down on the US bourse on Tuesday. The S&P 500, after rising for six consecutive days, failed to advance further, closing down 23 points or 0.4% at 5,940. The DJIA settled down 114 points or 0.3% at 42,677. The Nasdaq ended down 72 points or 0.4% at 19,142.
Investors continued to sell off techs, with NVIDIA (NVDA.US) sagging nearly 1%. Apple (AAPL.US) will hold its Worldwide Developers Conference from 9 to 13 June, allowing third-party developers to use AI models to write software. Its stock ebbed nearly 1%.
Tesla (TSLA.US) founder Elon Musk stated that he will continue to serve as Tesla's CEO for the next five years, shoring up the stock by 0.5%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TSLA (C) |
10469 |
440 (-) |
0.070 |
11.6 X |
| TSLA (C) |
10688 |
420 (-) |
0.830 |
3.3 X |
| TSLA (P) |
10692 |
280 (-) |
0.510 |
2.5 X |
| TSLA (P) |
10604 |
190 (-) |
0.091 |
3.8 X |
| Nvidia (C) |
10537 |
165 (-) |
0.035 |
11.3 X |
| Nvidia (C) |
10573 |
150 (-) |
0.204 |
5.0 X |
| Nvidia (C) |
10615 |
135 (-) |
0.345 |
3.9 X |
| Nvidia (P) |
10538 |
116 (-) |
0.053 |
7.5 X |
| Nvidia (P) |
10581 |
95 (-) |
0.058 |
4.3 X |
| APPLE (C) |
10614 |
236 (-) |
0.094 |
8.9 X |
| APPLE (P) |
10678 |
170 (-) |
0.167 |
4.5 X |
