Wall Street higher on Apple-led rally in technology shares

Technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges. Apple Inc rose 1.3% as Chief Executive Officer Tim Cook told a German daily, Bild, that iPhone sales were off to a strong start, and […]

Nasdaq cracks down on IPOs of small Chinese companies

Nasdaq Inc. is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers. Nasdaq’s attempt to limit these stock market flotations comes as a growing number of them end up raising most of the capital in their […]

Wall Street drops as turmoil in Washington outweighs trade optimism

U.S. stock indexes dipped on Thursday as fresh developments in an inquiry into the impeachment of President Donald Trump offset gains from trade-related optimism fueled by upbeat comments from China. The U.S. House Intelligence Committee released a declassified version of a whistleblower report alleging that Trump used his office to solicit interference in the 2020 […]

Wall Street rises on Trump’s trade comments, Nike hits record high

U.S. stock indexes rose on Wednesday after President Donald Trump said a trade deal with China could happen sooner than expected, while Nike’s shares hit a record high on upbeat quarterly results. Wall Street had a sluggish start after Democratic lawmakers moved to launch an impeachment inquiry into Trump, adding fresh uncertainty for markets already […]

Impeachment drama whipsaws stocks, dollar rises

The latest impeachment drama in Washington whipsawed U.S. stocks, adding another risk to markets already on edge over trade and slowing global growth. The dollar rallied. The S&P 500 bounced to session highs after President Donald Trump said a deal with China could happen “sooner than you think,” speaking to reporters amid the swirl of […]

U.S. stocks drop on trade, regulatory concerns

U.S. stocks fell after comments from president Donald Trump dented hopes on trade and rekindled regulatory concerns for the biggest social media companies. The S&P 500 slid for a third day, with chipmakers leading the loss after Trump accused China of manipulating its currency and stealing intellectual property in remarks just weeks before planned high-level […]

With N23bn loss, equities index dips by 0.17%

Omobayo Azeez As investors returned to the floor of the Nigerian stock Exchange on Monday to commence the week’s activities, the equities’ index dipped by 0.17 percent to close the day following mixed sentiments by the investors. The benchmarked index that tracks the flow of share prices in the market, the All-Share Index (ASI) shed […]

Tech shares lead Wall Street higher; S&P 500 nears record high

A Microsoft-led rally in technology shares pushed U.S. stock indexes higher on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary intervention. Shares of the software giant (Microsoft) rose 2.2% after the company unveiled a $40 billion stock buyback plan, boosting the S&P 500 […]

Asia, Europe stocks rise Thursday following Fed, BoJ rate ease

Asian markets were mostly higher on Thursday after the Bank of Japan (BoJ) kept its ultra-easy monetary policy unchanged following the US Federal Reserve’s interest-rate cut. Mainland Chinese stocks were up on the day, with the Shanghai composite higher by 0.46 percent at about 2,999. Hong Kong’s Hang Seng index, however, declined 1.07 percent to […]

Wall Street falls as energy drags; focus shifts to Fed meeting

U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve’s two-day policy meeting, where it is widely expected to cut interest rates. The energy index fell 1.59% and was the biggest drag on the benchmark […]