Federal Reserve Chairman Jerome Powell hinted on Wednesday that the Fed is not yet ready to cut interest rates and is assessing the impact of US President Donald Trump's tariff increases on inflation.
U.S. stocks turned from gains to losses on Wednesday. The S&P 500 ended down 7 points or 0.1% at 6,362 after the interest rate decision was announced. The DJIA closed down 171 points or 0.4% at 44,461. The Nasdaq edged up 31 points or 0.1% to close at 21,129.
Techs were in a mixed bag, with Nvidia (NVDA.US) mounting over 2% outrunning, and Apple (AAPL.US) dipping 1%.
Regarding earnings stocks, Starbucks (SBUX.US) was expected to turn profitable ahead of schedule, and Visa (V.US) reported a 19% increase in last quarter's profit, beating expectations. However, both stocks concluded almost flat.
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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 (-) |
0.370 |
4.3 X |
| Nvidia (P) |
10714 |
125 (-) |
0.091 |
4.1 X |
| TSLA (C) |
10688 |
420 (-) |
0.239 |
5.3 X |
| TSLA (P) |
10692 |
280 (-) |
0.465 |
3.3 X |
| APPLE (C) |
10614 |
236 (-) |
0.052 |
14.4 X |
| APPLE (P) |
10678 |
170 (-) |
0.067 |
7.0 X |
