U.S. markets closed mostly flat, with the Dow down 0.1%, while the S&P 500 and Nasdaq held steady. All eyes are on Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole for clues on future interest rate policy.
In stock-specific moves: Meta Platforms lost about 2.3% amid mixed sentiment on its AI and metaverse ventures. Palantir continued sliding, down nearly 1%, while Palo Alto Networks jumped 5% following strong Q4 earnings and bullish guidance for fiscal 2026.
Nigerian Stock Market in Focus
Things are looking up at home—Nigeria’s stock market started the week on a slightly positive note, with equities gaining 0.07%.
In terms of market value, the Nigerian Exchange (NGX) rebounded with a ₦60 billion gain, firmly pushing market cap upward.
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Why It Matters—and What You Can Share
1. Global Perspective: Share the cautious calm in U.S. markets as investors await key economic signals.
2. Top Movers: Highlight tech names—Meta’s dip, Palantir’s slide, and Palo Alto’s leap—as mood indicators.
3. Nigeria Watch: Local investors will love the turnaround, from slight gains to a ₦60 billion rebound. Great confidence booster to post!
4. What’s Next: With rookies watching Powell’s speech, and earnings from big-box retailers on deck, there’s plenty to f
uel the trading narrative.
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