Nasdaq-100 Hits New Record on Tech Rally, 7x Long DLC Rises 7%; SpaceX Surges 7%

Wall Street rallied on Friday (2 October), as weaker-than-expected jobs data helped to ease concerns over elevated yields.

The tech-heavy $NASDAQ-100(.NDX.US) surged 1% to a new record high. Amplifying the return, the Nasdaq 7x Long DLC (MFVW) $Nasdaq 7xLongSG280330(MFVW.SG) gained about 7%, while the Nasdaq 7x Short DLC (W5BW) sank a similar magnitude.

Among DLC-covered underlyings, $SpaceX(SPCX.US) was the top gainer, rising 7.35% following a series of successful launches and renewed interest in its space-based AI opportunities.

This lifted the SpaceX 3x Long DLC (WK4W) by close to 22%, while the SpaceX 3x Short DLC (YF1W) sank a similar magnitude.

In contrast, memory stocks $Micron Tech(MU.US) and $Sandisk(SNDK.US) were among the biggest losers, declining 2.05% and 3.79% respectively.

Correspondingly, the Micron 3x Short DLC (1J9W) rose about 6%, with the Micron 3x Long DLC (VV9W) sinking around the same magnitude. Meanwhile, the newly-listed Micron 5x Long DLC (OLUW) fell around 10%. There is currently no Micron 5x Short DLC listed.

The Sandisk 3x Short DLC (NNSW) surged about 11%, with the Sandisk 3x Long DLC (ZIPW) declining a similar magnitude.

Investors who are bullish and expect upward momentum to continue may consider the Long DLCs for magnified exposure, while those with a bearish outlook may consider the Short DLCs for inverse exposure.

View the full list of DLCs here.

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.