US President Donald Trump will address the nation at 9 pm Eastern Time on Wednesday to provide updates on the war with Iran. As market expectations for an end to the conflict continued to rise, US equities extended gains on Wednesday. The DJIA closed up 224 points or 0.5% at 46,565. The S&P 500 rose 46 points or 0.7%, closing at 6,575. The Nasdaq led the charge again, crossing the finish line at 21,840, up 250 points or 1.2%.
The rising likelihood of a US-Iran ceasefire mitigated fear of Iran’s threat to attack US technology firms operating in the Middle East. Alphabet (GOOG.US) grew 2.8%. Nvidia (NVDA.US) added 0.8%. Intel (INTC.US) surged nearly 9% after announcing that it will repurchase its stake in an Irish chip plant for USD14.2 billion. Tesla (TSLA.US) rallied 2.6%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALPBE (C) |
10080 |
360 (-) |
0.226 |
9.0 X |
| Nvidia (C) |
11007 |
205 (-) |
0.221 |
7.2 X |
| Nvidia (P) |
11090 |
168 (-) |
0.232 |
3.2 X |
| MSFT (C) |
11006 |
550 (-) |
0.032 |
14.7 X |
| MSFT (C) |
11136 |
450 (-) |
0.540 |
6.1 X |
| MSFT (P) |
11064 |
390 (-) |
0.370 |
5.2 X |
| APPLE (C) |
10079 |
320 (-) |
0.027 |
16.4 X |
| APPLE (C) |
11132 |
300 (-) |
0.199 |
7.8 X |
| APPLE (P) |
11063 |
248 (-) |
0.222 |
5.7 X |
| TSLA (C) |
11134 |
490 (-) |
0.415 |
5.1 X |
| TSLA (P) |
11135 |
330 (-) |
0.590 |
2.6 X |
