The US non-farm payrolls increased by 147,000 in June, beating expectations, and shifting market sentiment towards optimism. US stocks closed early at 1 pm on Thursday ahead of the Independence Day holiday on Friday (4 July).
The three major US stock indices opened higher and continued to rise. The S&P 500 closed up 51 points or 0.8% at 6,279, while the Nasdaq added 207 points or 1% to close at 20,601, with both indices reaching new historical closing highs. The DJIA once shot up 400 points, and closed up 344 points or 0.8% at 44,828.
The US lifted export restrictions on chip design software to China, with Synopsys (SNPS.US) and Cadence (CDNS.US) advancing 5%.
Large techs generally ascended. Nvidia (NVDA.US) climbed 1.3% to US$159.34, setting an all-time high, while Meta (META.US) and Apple (AAPL.US) picked up less than 1%. Tesla (TSLA.US) ebbed by 0.1%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| META (C) |
10579 |
800 (-) |
0.375 |
8.9 X |
| META (P) |
10563 |
600 (-) |
0.136 |
11.3 X |
| APPLE (C) |
10614 |
236 (-) |
0.078 |
11.4 X |
| APPLE (P) |
10678 |
170 (-) |
0.087 |
6.2 X |
| Nvidia (C) |
10721 |
175 (-) |
0.370 |
4.1 X |
| Nvidia (P) |
10714 |
125 (-) |
0.113 |
3.7 X |
| TSLA (C) |
10688 |
420 (-) |
0.395 |
4.4 X |
| TSLA (P) |
10692 |
280 (-) |
0.455 |
3.1 X |
| TSLA (P) |
10604 |
190 (-) |
0.038 |
6.0 X |
