Equities

The S&P 500 index hit a record high at the open on Wednesday, boosted by healthcare stocks, as bets of an interest rate cut were spurred by fears of a slowing global economy due to simmering trade tensions. This is the second time the benchmark index has hit an intraday all-time high this week. The […]

Wall Street’s main indexes were subdued on Tuesday, as a trade truce-fueled relief rally in the previous session fizzled out after the United States threatened additional tariffs on European goods. Washington’s proposed tariffs on $4 billion of additional EU goods in a long-running dispute over aircraft subsidies came just as trade tensions with China seemed […]

U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day. The Dow Jones Industrial Average rose 4.07 points, or 0.02%, at the open […]

U.S. stocks opened slightly higher on Monday, boosted by technology shares, while investors pinned their hopes on a meeting between Presidents Donald Trump and Xi Jinping later this week to de-escalate trade tensions. The Dow Jones Industrial Average rose 8.48 points, or 0.03%, at the open to 26,727.61. The S&P 500 opened higher by 0.96 […]

The U.S. central bank left rates unchanged at the end of its two-day June policy meeting on Wednesday, but pledged to “act as appropriate” to sustain economic health. Wall Street’s main indexes have gained in recent weeks on expectations of a rate cut and hopes of a revival of trade talks between the United States […]

U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates. The central bank is expected to leave borrowing costs unchanged at its two-day policy meeting starting Tuesday, but market expectations are for a rate cut as […]

U.S. stocks extended gains in a broad-based rally on Friday, as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States’ decision to delay tariffs on Chinese goods lifted the mood. A Labor Department report showed nonfarm payrolls increased by 75,000 jobs last month, much smaller […]

The increasing crisis of confidence in Nigeria’s stock market will further erode investors’ confidence, and slow down buying interests, an analyst at Investdata Consulting Limited, has said. Specifically, the chief research officer, Investdata, Ambrose Omodion, said there is already a panicky mode, as investors watch developments in the market. “The listing by way of introduction […]

U.S. stocks eked out gains in choppy trading on Thursday, as hopes of an interest rate cut outweighed fears of a flare up in U.S.-China trade tensions after comments from President Donald Trump. Trump said he would decide on more China tariffs “probably right after the G20” meeting later this month, which followed his threat […]