US bourse leapfrogged Tuesday as investors were hopeful that the US-Iran war may soon come to an end. The Nasdaq closed up 795 points or 3.8%, at 21,590; the S&P 500 lifted 184 points or 2.9%, closing at 6,528; and the DJIA also soared 1,125 points or 2.5%, closing at 46,341.
Both the US and Iran were inclined to end the war, as US President Donald Trump reportedly told aides that he is willing to end military hostilities in the Middle East even if the Strait of Hormuz remains closed. Iranian President Masoud Pezeshkian is also reportedly willing to ceasefire if guarantees are provided.
With the conclusion of Iran war around the corner, the global tourism industry was envisioned to recover, with United Airlines (UAL.US) and Carnival Corporation (CCL.US) each surging by 8%.
Tech stocks experienced a revival on Tuesday, with the State Street Technology Select Sector SPDR ETF (XLK.US) up over 4%. NVIDIA (NVDA.US) planned to invest USD2 billion in Marvell (MRVL.US), with the latter's stock price swelling 13% and NVIDIA spiking 5.6%. Microsoft (MSFT.US) mounted 3.1%.
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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 (-) |
0.098 |
8.2 X |
| Nvidia (P) |
11090 |
168 (-) |
0.365 |
2.6 X |
| Nvidia (P) |
10057 |
165 (-) |
0.051 |
14.2 X |
| MSFT (C) |
11006 |
550 (-) |
0.016 |
13.6 X |
| MSFT (C) |
11136 |
450 (-) |
0.265 |
6.9 X |
| MSFT (P) |
11064 |
390 (-) |
0.720 |
3.8 X |