As the deadline set by the US for Iran to reopen the Strait of Hormuz approaches, US President Donald Trump threatened to destroy Iran's entire civilization. However, Pakistan, acting as an intermediary, asked the US on Tuesday to put off any escalation of military action against Iran by two weeks. US bourse held steady on Tuesday.

The DJIA lost 85 points, or 0.2%, to close at 46,584. The S&P 500 edged up 5 points, or 0.1%, to end at 6,616. The Nasdaq inched up 21 points, or 0.1%, to settle at 22,017.

Apple (AAPL.US) reportedly hit impasse of engineering with its first batch of foldable iPhones, potentially resulting in shipment delay. The stock once slumped 5% before the company clarified that the product will still be launched as scheduled in September. The stock price saw losses narrow and closed down 2%, leading declines among the Magnificent Seven. Alphabet (GOOG.US) leaped about 2%, while Tesla (TSLA.US) sagged nearly 2%.

On the back of expanded AI partnership agreements with Google and Anthropic, Broadcom (AVGO.US) was under market limelight on Tuesday, surging 6% at close to become the best-performing constituent of the Nasdaq 100.
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AASTOCKS Financial News
Website: www.aastocks.com

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Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Broadcom (C)	10072	435 (-)	N/A	N/A
Broadcom (C)	11128	380 (-)	0.820	3.6 X
Broadcom (P)	10073	310 (-)	N/A	N/A
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APPLE (C)	10079	320 (-)	0.020	16.5 X
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TSLA (P)	11135	330 (-)	0.700	2.5 X
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