Wall St. opens higher on trade hopes, progress to avert government shutdown
Businessam StaffFebruary 12, 2019
U.S. stocks opened higher on Tuesday, buoyed by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and as the United States and China expressed optimism about the ongoing trade talks. The Dow Jones Industrial Average rose 98.92 points, or 0.39 percent, at the open to 25,152.03. The S&P 500 opened […]
Wall Street gains as U.S.-China trade talks resume
Businessam StaffFebruary 11, 2019
U.S. stocks rose on Monday, led by industrial companies, as the United States and China began their latest round of trade talks to hammer out a deal before the looming March deadline. China struck an upbeat note on the talks, while White House senior counselor Kellyanne Conway also expressed confidence of a possible deal. Boeing […]
Wall Street hits session lows on U.S.-China trade fears
Businessam StaffFebruary 7, 2019
The three main U.S. stock indexes extended losses to hit session lows on Thursday after White House adviser Larry Kudlow said there was a pretty sizable distance to go in the U.S.-China trade talks. Kudlow’s comments, made in an interview to Fox Business Network, added to worries over a global slowdown which was rekindled after […]
Stocks Mixed as Dollar Advances; Iron Ore Rises: Markets Wrap
Businessam StaffFebruary 6, 2019
U.S. stocks fluctuated as investors weighed positive corporate earnings against persistent concerns over trade and another government shutdown. The dollar extended its rally to a fifth day. The S&P 500 was little changed after halting a four-day advance, with President Donald Trump’s speech to Congress having little impact on markets. Among earnings-related moves, General Motors […]
Wall Street set to rise at open, Trump’s State of the Union speech in focus
Businessam StaffFebruary 5, 2019
Wall Street was set to open higher on Tuesday amid peak earnings which have largely been positive so far, while investors wait for President Donald Trump’s State of the Union address. The S&P 500 is eyeing its fifth straight session of gains after a recent dovish stance from the Federal Reserve and on hopes that […]
United Capital, FBN Quest ex MD’s join NSE executive management team
Adesola AfolabiFebruary 4, 2019
Jude Chiemeka, ex managing director of United Capital Securities Limited and Olumide Bolumole, former ag. managing director of FBNQuest Capital have joined the Nigerian Stock Exchange (NSE), as part of the bourse’s executive management team. The NSE in a statement on Monday said Olumide Bolumole joins NSE as divisional head, listing business while Jude Chiemeka […]
Toyin Sanni’s ‘Riding the Eagle’- to promote investment in Nigeria, says Uduk
Adesola AfolabiFebruary 4, 2019
Toyin Sanni, former chief executive officer of United Capital has written a book to assist investors participate actively and profitably in the Nigerian financial markets. The book has been endorsed by Mary Uduk, the acting director general of Nigeria’s apex capital market regulator- The Securities and Exchange Commission (SEC). ____________________________________________________________________ Describing the book as […]
S&P, Nasdaq boosted by Facebook results; eyes on trade talks
Businessam StaffJanuary 31, 2019
The S&P 500 and the Nasdaq got a boost from Facebook Inc’s stellar earnings on Thursday, while the Dow was weighed down by a bunch of disappointing quarterly results as investors awaited the outcome of the U.S.-China trade talks. Wall Street surged on Thursday after the U.S. central bank said it would be patient in […]
S&P 500 flat on mixed earnings, trade caution
Businessam StaffJanuary 29, 2019
The S&P 500 was little changed on Tuesday, as mixed earnings reports and concerns about the upcoming U.S.-China trade talks gave little impetus for markets to recover from a slide a day earlier. Initial releases in a bumper day of results showed 3M Co gaining 2.5 percent after a better-than-expected quarterly profit, while Verizon Communications […]
Gains by high cap stocks sustain uptrend in All Share Index to third consecutive session
Adesola AfolabiJanuary 24, 2019
For the third consecutive session this week, the benchmark index maintained a positive performance, advancing 0.4 percent to 30,989.6 points. The day’s performance was buoyed by gains in market bellwethers such as Dangote Cement that rose 1.1 percent, Guaranty Trust Bank that appreciated 1.8 percent and Access Bank that grew by 6.2 percent. Year-to-date losses […]