After taking in US economic data, US stock market finished lower across the board on Wednesday. The DJIA opened higher but wiped off its early gains of 273 points, ultimately closing down 228 points or 0.5% at 47,885. The S&P 500 also lost 78 points or 1.2%, closing at 6,721, marking a four-day downfall along with the DJIA. The Nasdaq slid 418 points or 1.8%, closing at 22,693.
AI stocks faced another round of sell-offs, with reports indicating uncertain prospects for Oracle's (ORCL.US) Michigan data center plan, denting its stock by 5.4%. Broadcom (AVGO.US) also dived 4.5%, and NVIDIA (NVDA.US) fell off 3.8%.
Tesla (TSLA.US), which touched a new closing high on Tuesday, retreated from its peak, ending down 4.6%. Apple (AAPL.US) and Meta (META.US) both lost around 1%.
The board of Warner Bros. Discovery (WBD.US) rejected Paramount's (PSKY.US) hostile takeover bid. Paramount cratered 5.4%, while Warner Bros. shrank 2.4%. Netflix (NFLX.US) inched up by 0.2%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| NFLX (C) |
10088 |
140 (-) |
0.079 |
4.9 X |
| Nvidia (C) |
10055 |
230 (-) |
0.083 |
6.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.249 |
3.9 X |
| TSLA (C) |
10010 |
530 (-) |
0.580 |
5.3 X |
| TSLA (P) |
10011 |
370 (-) |
0.255 |
4.9 X |
| Broadcom (C) |
10072 |
435 (-) |
0.225 |
5.9 X |
| Broadcom (P) |
10073 |
310 (-) |
0.530 |
3.4 X |
| APPLE (C) |
10079 |
320 (-) |
0.157 |
8.0 X |
| APPLE (P) |
10793 |
210 (-) |
0.037 |
9.5 X |
| META (C) |
10003 |
900 (-) |
0.155 |
8.8 X |
| META (P) |
10757 |
700 (-) |
1.350 |
4.1 X |
