BSP Capital is the stockbroking and funds management arm of Bank of South Pacific, the largest bank in Papua New Guinea. We aim to bring together the knowledge and skills of our people to create value for corporate and investment clients.
Monday 22nd May 2017
U.S. U.S. stocks rose Friday for two sessions in row as a rally in industrials and energy sectors supported a broad market gain. However, the S&P 500 and the Dow Jones Industrial Average fell for a second straight week in a row amid ongoing political uncertainty in the wake of President Donald Trump's controversial firing of Federal Bureau of Investigation Director James Comey.
The S&P 500 SPX, +0.68% gained 15 points, or 0.7%, to close at 2,381 while the Dow Jones Industrial Average DJIA, +0.69% added 141 points, or 0.7%, to end at 20,804. Both indexes fell 0.4% for the week. The Nasdaq Composite Index COMP, +0.47% climbed 28 points, or 0.5%, to close at 6,083, logging a weekly drop of 0.6%.
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