Market Updates

US stock close mixed on Powell's hawkish remark

 US stock close mixed on Powell's hawkish remark

Dow Jones closed higher, while S&P 500 and Nasdaq drifted on Friday, October 22, after Fed Chair, Jerome Powell's tapering remarks weighed on investors' sentiment. However, the optimism over the robust earnings has pushed the indices towards thei...

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US indices close flat as healthcare, utility stocks gain

US indices close flat as healthcare, utility stocks gain

S&P 500 and Dow Jones closed higher on Wednesday, October 20, pulled up by gains in healthcare stocks, while Nasdaq stayed near flat as investors turned their focus away from technology shares. The S&P 500 was up 0.37% to 4,536.19. The Dow J...

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NZ Market Ended in Green As Consumer Staples Sector Witnessed Buying

NZ Market Ended in Green As Consumer Staples Sector Witnessed Buying

On 20th October 2021, the NZ equity market ended in green. This was mainly due to significant buying pressure which was witnessed on the consumer staples sector. NZX 50 Index and NZX 20 Index rose by 0.37% and 0.41%, respectively. On the same day, NZ...

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Wall Street closes higher as strong earnings lift risk appetite

Wall Street closes higher as strong earnings lift risk appetite

Benchmark US indices edged higher on Tuesday, October 19, as strong quarterly earnings of companies for the third consecutive session lifted investors’ risk appetite. The S&P 500 was up 0.74% to 4,519.63. The Dow Jones rose 0.56% to 35,457...

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Consumer Staples and Healthcare Sectors Supported NZ Market

Consumer Staples and Healthcare Sectors Supported NZ Market

On 19th October 2021, the equity market in New Zealand ended in green as sectors like consumer staples, healthcare as well as industrials encountered buying. NZX 50 Index and NZX 20 Index increased by 0.52% and 0.68%, respectively. Also, NZX All Cons...

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S&P 500, Nasdaq rise on tech gains, Dow slips

S&P 500, Nasdaq rise on tech gains, Dow slips

The S&P 500 and tech-savvy Nasdaq closed higher on Monday, October 18, bolstered by gains in technology stocks and upbeat corporate earnings. The S&P 500 was up 0.34% to 4,486.46. The Dow Jones fell 0.10% to 35,258.61. The NASDAQ Composite r...

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Consumer Staples Sector Weighed Over NZ Market

Consumer Staples Sector Weighed Over NZ Market

On 18th October 2021, the equity market in NZ closed in red as significant selling pressure was witnessed on the consumer staples as well as communications services sectors. However, industrials sector witnessed buying. NZX 50 Index fell by 0.11% and...

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Wall Street ends higher as financials, consumer stocks lead gains

Wall Street ends higher as financials, consumer stocks lead gains

Benchmark US indices closed higher for the second consecutive day on Friday, October 15, buoyed by robust quarterly results of financial majors Goldman Sachs and Charles Schwab and others. The S&P 500 rose 0.75% to 4471.37. The Dow Jones rose 1....

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Selling in Materials and Consumer Staples Sectors Impacted NZ Market

Selling in Materials and Consumer Staples Sectors Impacted NZ Market

On 15th October 2021, the NZ market closed on an unfavourable note. Notably, significant selling pressure was witnessed on the materials as well as consumer staples sectors. However, some buying was witnessed in the real estate sector. NZX 50 Index a...

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US stocks close higher on strong earnings reports

US stocks close higher on strong earnings reports

Benchmark US indices closed higher on Thursday, October 14, boosted by strong quarterly results of major banks and upbeat economic data that helped alleviate investors’ concerns. The S&P 500 was up 1.71% to 4438.26. The Dow Jones rose 1.56...

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Robust Buying in Consumer Staples Sector Supported Equity Market in NZ

Robust Buying in Consumer Staples Sector Supported Equity Market in NZ

On 14th October 2021, the equity market in NZ was supported by the robust buying witnessed in the consumer staples sector. Also, NZX Primary Sector Index rose by 1.28%. On the same day, NZX All Consumer Staples increased by 3.26%. NZX 50 Index and NZ...

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