stocks

US Stocks Fall As Trump Cancels Talks On COVID-19 Stimulus

October 7, 2020 11:17 am

U.S. stocks were down more than 1% in late afternoon trading Tuesday after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election.

Stocks, which had been moderately higher, reversed course after the comments on Twitter from Trump, who returned to the White House late Monday after a three-day hospital stay where he received an experimental treatment for the disease.

Hopes for further fiscal stimulus had been helping to support the market.

Read Also: Stocks Slide As US Jobless Data Fuel Economy Concerns

“Investors are certainly focused on any type …

Late Surge Lifts Wall Street Stocks Admist Virus Attacks

March 14, 2020 3:46 pm

Wall Street stocks concluded a bruising week on a positive note Friday, rallying as President Donald Trump declared the coronavirus a national emergency and set the stage for more testing in the United States.

A late-afternoon surge enabled the Dow to finish almost 2,000 points higher, or 9.4 percent, at 23,185.62, nearly reversing the losses from Thursday, when the blue-chip index suffered its worst session since 1987.

The furious rally at the end showed volatility remains elevated in markets, a trend also apparent in Europe where major bourses gained but finished well below session highs as the World Health Organization …

Interest In Bellwethers Lift Stocks Index By ₦15 Billion

October 24, 2019 1:32 am

Following investors renewed appetite in some bellwether stocks, the Nigerian equities market rebounded yesterday, as market capitalisation appreciated by ₦15 billion.

Specifically, at the close of transactions, the All -Share Index (ASI) rose by 32.11 points or 0.12 percent to 26,397.94 points. Accordingly, investors gained ₦15 billion in value as market capitalisation rose to ₦12.850 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which were; Dangote Cement, United Bank for Africa (UBA), FBN Holdings, UACN Property Development Company, and Omoluabi Mortgage Bank.

Analysts at Afrinvest Limited said: “Notwithstanding yesterday’s positive performance, we maintain

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