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.
Friday 19th August 2016
US - U.S. stocks ended higher Thursday, boosted by a further rise by oil futures and strong economic data that helped offset uncertainty about the timing of the next Federal Reserve interest-rate hike. The S&P 500 SPX, +0.22% gained 5 points, or 0.2%, to 2,186, led by gains in energy and utilities shares. The Dow industrials DJIA, +0.13% climbed 22 points, or 0.2%, to 18,596. Wal-Mart Stores Inc. WMT, +1.88% and Chevron Corp. CVX, +1.30% were the two best performers on the blue-chip gauge. The Nasdaq Composite COMP, +0.22% added 12 points, or 0.2%, to 5,240. Oil futures CLU6, +0.25% stretched their winning streak to a sixth session, settling at their highest levels in two months.
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