On Tuesday, US President Donald Trump emphasized that there would be no extension to the August 1 tariff deadline, prompting investors to watch closely, as U.S. stocks stabilized on Tuesday.
The S&P 500 narrowly closed down by 4 points at 6,225; the DJIA closed down by 165 points or 0.4% at 44,240; and the Nasdaq closed up by 5 points at 20,418.
NVIDIA (NVDA.US) is nearing a market cap of US$4 trillion, with the stock rising 1% on Tuesday. Tesla (TSLA.US), which led the decline on Monday, rebounded by 1.3%.
Banks weighed the market down, as HSBC downgraded the three major U.S. banks. JP Morgan (JPM.US) and Bank of America (BAC.US) dived more than 3%, while Goldman Sachs (GS.US) slid nearly 2%.
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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) |
10721 |
175 (-) |
0.305 |
4.3 X |
| Nvidia (C) |
10573 |
150 (-) |
0.365 |
4.8 X |
| Nvidia (P) |
10714 |
125 (-) |
0.139 |
3.4 X |
| TSLA (C) |
10688 |
420 (-) |
0.365 |
4.4 X |
| TSLA (C) |
10591 |
300 (-) |
0.630 |
4.6 X |
| TSLA (P) |
10692 |
280 (-) |
0.530 |
2.9 X |
| TSLA (P) |
10604 |
190 (-) |
0.059 |
5.3 X |
