The US stock market cascaded on Thursday since investors once again sold off tech stocks and precious metals. The DJIA erased its early gains of up to 325 points and recently plunged 500 points or 1%, to 49,620. The Nasdaq tumbled 425 points or 1.8%, to 22,641. The S&P 500 dropped 78 points or 1.1%, to 6,862.
Blockbuster selling pressure was observed in major tech stocks, with Apple (AAPL.US) slipping over 3%, Meta (META.US) and Amazon (AMZN.US) diving nearly 3%, and Microsoft (MSFT.US) and NVIDIA (NVDA.US) declining about 1%.
The spot gold price once plummeted by USD205 or 4% to bottom at USD4,878, with the latest decline narrowing to 2.9%, at USD4,939.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| APPLE (C) |
10079 |
320 (-) |
N/A |
N/A |
| APPLE (P) |
11063 |
248 (-) |
N/A |
N/A |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
| META (C) |
10003 |
900 (-) |
0.025 |
15.0 X |
| META (P) |
10757 |
700 (-) |
1.110 |
6.1 X |
| MSFT (C) |
11006 |
550 (-) |
0.059 |
10.6 X |
| MSFT (P) |
10715 |
435 (-) |
0.590 |
8.2 X |
| MSFT (P) |
11064 |
390 (-) |
0.590 |
3.9 X |
| Nvidia (C) |
10055 |
230 (-) |
0.063 |
9.2 X |
| Nvidia (C) |
11007 |
205 (-) |
0.280 |
4.9 X |
| Nvidia (P) |
10057 |
165 (-) |
0.115 |
6.4 X |
| AMZN (C) |
10004 |
280 (-) |
0.014 |
12.6 X |
| AMZN (P) |
10700 |
180 (-) |
0.050 |
12.5 X |
