The three major US stock indices traded mixed on Wednesday, as the US May ADP private sector employment fell to its lowest point in two years, prompting US President Donald Trump to immediately call for a Federal Reserve rate cut, and the market was watchful of the non-farm payroll data to be released on Friday.
The DJIA ended a four-day rise, closing down 91 points or 0.2% at 42,427. The S&P 500 closed flat, rising less than 1 point to 5,970. The Nasdaq closed up 61 points or 0.3% at 19,460.
Meta (META.US) led the "Magnificent Seven", rallying over 3%. Nvidia (NVDA.US), which toppled Microsoft (MSFT.US) on Tuesday to become the world's most valuable publicly traded company, inched up only 0.5%.
Alphabet (GOOG.US) rebounded 1%. Tesla (TSLA.US) saw its China-made car sales drop 15% YoY in May, marking an eight-month decline, with the stock slipping over 3%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| MSFT (C) |
10557 |
515 (-) |
0.188 |
12.0 X |
| Nvidia (C) |
10537 |
165 (-) |
0.031 |
12.6 X |
| Nvidia (C) |
10573 |
150 (-) |
0.211 |
5.1 X |
| Nvidia (C) |
10615 |
135 (-) |
0.350 |
4.0 X |
| Nvidia (P) |
10538 |
116 (-) |
0.037 |
8.6 X |
| Nvidia (P) |
10581 |
95 (-) |
0.048 |
4.7 X |
| META (C) |
10579 |
800 (-) |
0.490 |
7.3 X |
| META (P) |
10563 |
600 (-) |
0.350 |
6.9 X |
| TSLA (C) |
10688 |
420 (-) |
0.470 |
3.7 X |
| TSLA (C) |
10591 |
300 (-) |
0.770 |
3.6 X |
| TSLA (P) |
10692 |
280 (-) |
0.740 |
2.1 X |
| TSLA (P) |
10604 |
190 (-) |
0.153 |
3.4 X |
