23.9 C
Lagos

US stocks market push higher

Must Read

NCDC Records 221 New COVID-19 Cases

The Nigeria Center for Disease Control (NCDC) on Friday recorded fresh 221 COVID-19 cases, bringing the total...

FG To Engage Corps Members In Implementation of SDGs 2030

Nigeria will engage the services of the National Youth Service Corps (NYSC) members across the country and...

FG Partners Cross River Govt Over Solid Minerals Exploitation

The federal government has called for increased partnership with the Cross River State government over developing its...

Financial and technology shares were among the gainers early Tuesday as Wall Street stocks shook off recent weakness and pushed higher. Analysts attributed the gains to bargain-hunting after stocks have been pressured due to unease about the US political outlook and Friday’s summit of central bankers that could hearken a shift from easy-money policies since the 2008 financial crisis.
Bourses in Paris, Frankfurt and London also rose.
“We think market participants are simply cheered by the fact that there isn’t any prevailing sense of negativity in the news this morning; hence, they see an opening to try their hand at buying the dip that has dented the major indices in recent weeks,” said Briefing.com analyst Patrick O’Hare.
About 15 minutes into trading, the Dow Jones Industrial Average was at 21,805.38, up 0.5 percent. The broad-based S&P 500 rose 0.5 percent to 2,441.32, while the tech-rich Nasdaq Composite Index jumped 0.7 percent to 6,258.02.
Monsanto rose 0.1 percent after the European Commission announced it would open an in-depth investigation into the agricultural giant’s proposed $66 billion takeover by Germany’s Bayer due to antitrust concerns.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

NCDC Records 221 New COVID-19 Cases

The Nigeria Center for Disease Control (NCDC) on Friday recorded fresh 221 COVID-19 cases, bringing the total...

FG To Engage Corps Members In Implementation of SDGs 2030

Nigeria will engage the services of the National Youth Service Corps (NYSC) members across the country and 17 Sustainable Development Goals (SDGs)...

FG Partners Cross River Govt Over Solid Minerals Exploitation

The federal government has called for increased partnership with the Cross River State government over developing its huge solid minerals potential.

We Have Spent N366.5M On COVID-19 – Plateau Governor

Governor Simon Lalong of Plateau State on Friday disclosed that the State has committed N366.5 million in its fight against the COVID-19...

Abia Building Collapse: Police Arrest Project Contractor, Death Toll Rises To Five

The project contractor handling a building that killed four persons and injured others on Wednesday has been arrested by the police in...
- Advertisement -

More Articles Like This

- Advertisement -