US futures point to sharply lower open on Wall Street
Businessam Staff
January 30, 2020
Market focus is largely attuned to the spread of the coronavirus outbreak, with China’s National Health Commission confirming on Thursday that the death toll has hit 170, with confirmed cases of the virus surpassing 7,700. Investors will have an eye on U.S. fourth-quarter GDP (gross domestic product) figures set for release at 8:30 a.m. ET, […]
Market dives below N15tn as investors lose N267bn
Businessam StaffJanuary 30, 2020
The market capitalisation of equities on Wednesday dropped below N15tn as investors recorded losses totalling N267bn in three consecutive days. The stock market had opened the week on a bearish note, losing N39bn as the market capitalisation dropped to N15.22tn from the N15.26tn recorded on Friday. The losses intensified on Tuesday as the market capitalisation […]
Stocks rise for a second day as Apple hits record high
Businessam StaffJanuary 29, 2020
Stocks rose Wednesday as the market continued to rebound from a heavy sell-off earlier this week and as Apple led a slew of companies that reported better-than-expected earnings. The Dow was up 75 points, while the S&P 500 and Nasdaq each rose 0.15%.Apple shares gained more than 1.7% after its quarterly results easily beat analyst […]
Honeywell, Law Union, AIICO top gainers’ chart on Wednesday
Businessam StaffJanuary 23, 2020
Despite the bearish nature of trade at the Nigerian Stock Exchange on Wednesday, the shareholders of Law Union, AIICO Insurance, Honeywell Flour Mills, Cutix and Abbey Mortgage Banks have reasons to smile to the bank, as their stocks made the ranks of gainers. The all-share index dipped 0.02% to close at 29,458.21 index points, maintaining the equity […]
Stock market halts gaining streak, sheds N181bn
Businessam StaffJanuary 15, 2020
The gaining streak of the stock market was halted on Tuesday as profit taking dragged the market 1.18 per cent lower. Investors recorded a loss of N181bn as the market capitalisation of equities declined from N15.287tn on Monday to N15.106tn on Tuesday. Analysts at Afrinvest Securities Limited said the decline was due to major profit […]
Stocks edge higher, bonds rise following the latest jobs data
Businessam StaffJanuary 10, 2020
U.S. stocks edged higher, while Treasuries rose after the latest jobs report confirmed that the world’s largest economy remains on solid footing. The dollar fell versus major peers. The S&P 500 inched toward a fresh record after hiring data slightly missed estimates for December, while the unemployment rate remained unchanged at 3.5%. The benchmark is […]
Dow futures rise as US-Iran tensions decrease
Businessam StaffJanuary 9, 2020
The ease in tension between US and Iran has resulted in the US stock index futures experiencing a good standing on Thursday morning. Around 7:20 a.m. ET, Dow Jones Industrial Average futures were up by 114 points and indicated a gain of 178 points at the open. S&P 500 and Nasdaq 100 futures also rose. […]
Ponzi scheme promoters risk wrath of the law, SEC threatens
Businessam StaffJanuary 6, 2020
By Omobayo Azeez
Wall Street stocks fall after US kills Iran general
Businessam StaffJanuary 3, 2020
Wall Street stocks retreated from records early on Friday after a US strike killed a top Iranian commander, prompting threats of reprisal by Tehran. About 20 minutes into trading, the Dow Jones Industrial Average stood at 28,661.44, down 0.7 per cent. The broad-based S&P 500 also shed 0.7 percent to 3,236.58, while the tech-rich Nasdaq […]
2020: NSE reviews stock market indices
Omobayo AzeezJanuary 2, 2020
By Omobayo Azeez