As the US inflation rate for November unexpectedly fell to 2.7% and Micron (MU.US) delivered benign results, the US stock market was booming across the board Thursday.
The DJIA closed up 65 points or 0.1% at 47,951. The Nasdaq rose 313 points or 1.4% to close at 23,006. The S&P 500 climbed 53 points or 0.8%, closing at 6,774, ending a four-day losing streak.
Micron's 1FQ earnings beat expectations, lifting the company's stock price by 10% for the day. Other AI stocks were also on the rise. Oracle (ORCL.US) grew nearly 1%. AMD (AMD.US) and Nvidia (NVDA.US) advanced nearly 2%.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| AMD (C) |
10760 |
225 (-) |
0.465 |
3.5 X |
| AMD (P) |
10777 |
155 (-) |
0.211 |
2.9 X |
| Nvidia (C) |
10055 |
230 (-) |
0.093 |
6.9 X |
| Nvidia (C) |
11007 |
205 (-) |
0.270 |
4.4 X |
| Nvidia (P) |
10057 |
165 (-) |
0.225 |
4.1 X |
| TSLA (C) |
10010 |
530 (-) |
0.680 |
5.2 X |
| TSLA (P) |
10011 |
370 (-) |
0.211 |
5.2 X |
| ALPBE (C) |
10080 |
360 (-) |
0.335 |
5.4 X |
| ALPBE (P) |
10012 |
230 (-) |
0.153 |
4.7 X |
| META (C) |
10003 |
900 (-) |
0.176 |
8.7 X |
| META (P) |
10757 |
700 (-) |
1.230 |
4.3 X |
| APPLE (C) |
10079 |
320 (-) |
0.154 |
8.1 X |
| APPLE (P) |
10793 |
210 (-) |
0.037 |
9.5 X |
