Nigerian investors are showing an overwhelming preference for U.S. stocks, according to Richmond Bassey, Chief Executive Officer of Bamboo, a leading digital investment platform.
U.S. stocks fell on Wednesday as the Federal Reserve upped its inflation forecast and shifted up the time frame on when it will boost interest rates next.
U.S. stocks made a late-session turnaround on Thursday, closing at session highs.
At press time, the U.S dollar index traded high by 0.4% to trade at 91.835 index points.
At the close of the New Stock Exchange the S&P 500 index climbed 0.29%, Dow Jones Industrial Average gained 0.37%.
The Dow DJIA gained 0.8% to close near 30,218 points, while the S&P 500 SPX +0.88% advanced 0.9%, to finish near 3,699 points,
U.S. stocks recorded impressive gains as global traders bet bullish amid signs of a potentially effective COVID-19 vaccine
Blue-chip Dow just ended the month of October with a 4.6% loss, its worst monthly performance since March.
An insight into the best-performing assets around the world in the last few days.
Recent sell-offs were triggered by leading tech brands including Facebook, Amazon, Google.
The plunge marked the biggest one-day drops for all three indexes since June.
Apple is now the only publicly listed U.S. company with a market capitalization of over $2 trillion.
