Concerns over the Iran war intensified again, pushing New York oil futures above USD80 per barrel at one point, and leading to a sell-off in US stocks on Thursday.
The DJIA tumbled incessantly, down as much as 1,162 points or 2.4% at its lowest, and eventually closed down 784 points or 1.6%, at 47,954. The Nasdaq's downswing was relatively mild, ending down 58 points or 0.3%, at 22,748. The S&P 500 finished down 38 points or 0.6%, at 6,830.
Traditional stocks were subdued, with Boeing (BA.US) down 2.3% and Caterpillar (CAT.US) 3.5%. Banks JP Morgan (JPM.US) and Morgan Stanley (MS.US) sagged 2-3%.
The US plans to tighten AI chip export controls, requiring companies like Nvidia (NVDA.US) to obtain government approval before shipping globally. Nvidia closed up 0.2% after fluctuations, while Micron (MU.US) and AMD (AMD.US) lost about 1%.
Techs traded mixed, with Apple (AAPL.US) and Meta (META.US) down about 1%, and Microsoft (MSFT.US) up 1.4% against the market trend, and Amazon (AMZN.US) also up 1%.
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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) |
11007 |
205 (-) |
0.197 |
6.0 X |
| Nvidia (P) |
10057 |
165 (-) |
0.091 |
7.9 X |
| APPLE (C) |
10079 |
320 (-) |
0.043 |
13.0 X |
| APPLE (P) |
11063 |
248 (-) |
0.295 |
4.7 X |
| APPLE (P) |
10793 |
210 (-) |
N/A |
N/A |
| TSLA (C) |
11036 |
590 (-) |
0.122 |
7.5 X |
| TSLA (P) |
11037 |
435 (-) |
0.960 |
3.4 X |
| TSLA (P) |
10011 |
370 (-) |
0.043 |
20.7 X |
| AMD (C) |
10760 |
225 (-) |
0.285 |
4.9 X |
| AMD (P) |
10777 |
155 (-) |
0.139 |
4.1 X |
| MSFT (C) |
11006 |
550 (-) |
0.051 |
11.9 X |
| MSFT (P) |
10715 |
435 (-) |
0.390 |
13.0 X |
| MSFT (P) |
11064 |
390 (-) |
0.510 |
4.2 X |
| AMZN (C) |
11070 |
245 (-) |
0.280 |
5.4 X |
| META (C) |
11069 |
830 (-) |
0.425 |
6.7 X |
| META (P) |
10757 |
700 (-) |
0.820 |
8.2 X |
