The market forecast that the latest US inflation data will not hinder the Federal Reserve's rate cut next week. US stocks drifted higher Thursday, with all three major indices touching new historical highs. The DJIA ultimately closed up 617 points or 1.4%, at 46,108; the S&P 500 rose 55 points or 0.9%, to 6,587; and the Nasdaq also ended higher by 157 points or 0.7%, at 22,043.
Heavyweight techs jumbled. Tesla (TSLA.US) saw its orders of six-seat Model YL in China extend to November, shoring up its stock price by 6%. Apple (AAPL.US) hiked 1.4%. Nvidia (NVDA.US) and Meta (META.US) edged down. Oracle (ORCL.US), which leapfrogged 36% on Wednesday, retreated 6.2%.
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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) |
10688 |
420 (-) |
0.355 |
6.1 X |
| TSLA (P) |
10692 |
280 (-) |
0.137 |
5.7 X |
| APPLE (C) |
10758 |
243 (-) |
0.260 |
6.6 X |
| APPLE (C) |
10614 |
236 (-) |
0.069 |
20.0 X |
| APPLE (P) |
10793 |
210 (-) |
0.201 |
5.1 X |
| APPLE (P) |
10678 |
170 (-) |
0.024 |
9.5 X |
| Nvidia (C) |
10721 |
175 (-) |
0.330 |
4.9 X |
| Nvidia (P) |
10714 |
125 (-) |
0.053 |
5.4 X |
| META (C) |
10579 |
800 (-) |
0.147 |
20.1 X |
| META (P) |
10757 |
700 (-) |
1.010 |
3.8 X |
