On the first trading day of February, despite declines in Bitcoin and precious metal prices, US stocks closed higher on Monday, with great momentum.
The DJIA climbed 515 points or 1.1% to 49,407 at close, driven by traditional economic cycle stocks Caterpillar (CAT.US) and Walmart (WMT.US), which elevated 5% and 4% respectively. The S&P 500 closed up 37 points or 0.5% to 6,976, while the Nasdaq inched up 130 points or 0.6% to 23,592.
Walt Disney (DIS.US)'s 1Q26 results beat expectations, but anticipated a decline in visitors to US theme parks, denting its share price by over 7%, making it the worst-performing DJIA constituent stock.
Nvidia (NVDA.US) shed nearly 3% after Jensen Huang said that the company will participate in OpenAI's financing. Apple (AAPL.US) inclined post-results, leaping over 4%. Oracle (ORCL.US) announced plans to raise up to US$50 billion to enhance AI capabilities, dragging down its stock price by nearly 3%.
As Bitcoin fell below US$80,000, Robinhood (HOOD.US) dived nearly 10% on Monday, while major Bitcoin holder MicroStrategy (MSTR.US) stumbled nearly 7%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| Nvidia (C) |
10055 |
230 (-) |
0.067 |
9.0 X |
| Nvidia (C) |
11007 |
205 (-) |
0.285 |
4.8 X |
| Nvidia (P) |
10057 |
165 (-) |
0.126 |
6.0 X |
| APPLE (C) |
10079 |
320 (-) |
0.087 |
10.5 X |
| APPLE (P) |
10793 |
210 (-) |
0.012 |
15.1 X |
| AMZN (C) |
10004 |
280 (-) |
0.093 |
10.2 X |
| AMZN (P) |
10700 |
180 (-) |
0.018 |
10.9 X |
| ALPBE (C) |
10080 |
360 (-) |
0.550 |
5.3 X |
| ALPBE (P) |
10012 |
230 (-) |
0.051 |
6.5 X |
