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US30 (Dow Jones Industrial Average): Business : Nigerialog.com - Nigeria's Premier Online Forum

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US30 (Dow Jones Industrial Average)

By: alagbe003 (M) |Time : July 23, 2018, 09:05:26 AM
The index closed lower on Friday as sentiment hovering around escalating trade war fuelled by the latest tariff threats against China by President Donald Trump. He said he is imposing $500 billion tariffs on Chinese product in his protectionist moves. Microsoft Corporation shares rose to an all time high on Friday sequel to the report of solid earnings on Thursday. The shares rose by 1.8% on Friday alone making it the best performing stock for the year till date. Microsoft shares is still basking in the euphoria of the signing of a 5-year deal with Walmart to provide them with cloud solutions and services. Consumer Product giant Procter & Gamble closed as the worst performing shares for the week.


Today, the instrument opened below the pivot and is surging southward as second quarter earnings report picks up and will still dictate the pace of the instrument. But a bearish trend is envisaged due to the trade war sentiments


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