The three major US stock indices showed varying trends on Wednesday. They reached record highs in early trading, but the rate cut of 0.25% by the Fed as expected and Fed Chairman Jerome Powell's refusal to clearly indicate whether rates would be adjusted in December led to a cooling of market expectations for further rate cuts, dragging down the DJIA and S&P 500.
During the session, the S&P 500 approached the 7,000 mark for the first time ever, but it ultimately closed basically flat at 6,890. The DJIA closed down 74 points or 0.2% at 47,632. The Nasdaq closed up 130 points or 0.6% at 23,958.
Achieving a five-day rising streak, Nvidia (NVDA.US) closed up 3.1%. It also became the first US company with a market cap surpassing USD5 trillion.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10055 |
230 (-) |
0.335 |
4.6 X |
| Nvidia (P) |
10057 |
165 (-) |
0.167 |
3.8 X |
| AMD (C) |
10760 |
225 (-) |
1.190 |
2.5 X |
| AMD (P) |
10777 |
155 (-) |
0.153 |
2.8 X |
| APPLE (C) |
10758 |
243 (-) |
0.650 |
5.0 X |
| APPLE (P) |
10793 |
210 (-) |
0.061 |
7.5 X |
| MSFT (C) |
10744 |
600 (-) |
0.250 |
9.5 X |
| MSFT (P) |
10715 |
435 (-) |
0.157 |
7.8 X |
| META (C) |
10003 |
900 (-) |
0.405 |
6.8 X |
| META (P) |
10757 |
700 (-) |
1.190 |
3.7 X |
| ALPBE (C) |
10759 |
240 (-) |
1.040 |
3.6 X |
| ALPBE (P) |
10012 |
230 (-) |
0.189 |
4.3 X |
| TSLA (C) |
10010 |
530 (-) |
0.800 |
4.1 X |
| TSLA (P) |
10011 |
370 (-) |
0.460 |
3.4 X |
