U.S. private enterprises unexpectedly cut 32,000 jobs in November, whereas the market had originally projected an increment of 42,000 jobs. The likelihood of the Fed's 25-bps rate cut next week elevated to about 89%. Investors eyed on the U.S. economic outlook, and despite being initially dampened by Microsoft (MSFT.US), U.S. bourse rebounded to close higher on Wednesday.
The DJIA leaped 408 points or 0.9% to end at 47,882. The Nasdaq added 40 points or 0.2% to finish at 23,454. The S&P 500 rose 20 points or 0.3% to settles at 6,849.
Although Microsoft denied lowering sales quotas for AI-related software, its stock still fell off 2.5% at close. Hijacked by Microsoft, AI-related stocks subtracted, including chip manufacturer Nvidia (NVDA.US), which dipped 1%, and Broadcom (AVGO.US), which dropped 0.3%. Micron (MU.US) lost over 2%.
Warner Bros. Discovery (WBD.US) reportedly received an almost all-cash acquisition offer from Netflix (NFLX.US), causing the latter's stock to slip nearly 5%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| MSFT (C) |
10744 |
600 (-) |
0.078 |
12.3 X |
| MSFT (P) |
10715 |
435 (-) |
0.247 |
7.7 X |
| Nvidia (C) |
10055 |
230 (-) |
0.136 |
5.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.230 |
3.8 X |
| Broadcom (C) |
10072 |
435 (-) |
0.570 |
4.6 X |
| Broadcom (P) |
10073 |
310 (-) |
0.360 |
3.7 X |
| NFLX (C) |
10088 |
140 (-) |
0.121 |
4.5 X |
