Market Updates

NZX 50 falls 0.09%; WDT, CRP shine, SMW and RYM turn dilute

 NZX 50 falls 0.09%; WDT, CRP shine, SMW and RYM turn dilute

price rise The benchmark index S&P/NZX50 dropped due to fears over interest rate hikes and mounting inflationary concerns. The New Zealand share market dipped on the opening day of this week as investors remained worried, anticipating furt...

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NZX skids 0.50% amid higher food prices; top cryptos witness bloodbath

NZX skids 0.50% amid higher food prices; top cryptos witness bloodbath

Highlights S&P/NZX50 was down by 0.50% on Thursday Wall Street indices dip amid the US Fed’s decision to aggressively hike the interest rates Top cryptos like Bitcoin, Ethereum, Cardano, Solana, etc. bleed New Zealand’s sh...

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US stocks slip after CPI data; COIN, Unity decline

US stocks slip after CPI data; COIN, Unity decline

Wall Street's main indices drifted lower on Wednesday, May 11, after US inflation rose more than expected month-on-month for comfort, renewing fears about the Fed's aggressive rate hikes. The S&P 500 was down 1.65% to 3,935.18. The Dow Jones fel...

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NZX sheds its losing streak, gains 0.03% as global markets stabilise

NZX sheds its losing streak, gains 0.03% as global markets stabilise

  • May 11, 2022 08:51 PM NZST
  • Manika

Highlights The NZX gained after 3 days of fall The benchmark index NZX50 was up 0.03% The NZX witnessed 84 rises and 55 falls The New Zealand share market gave up its losing streak after three days of fall in today’s trading session...

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US stocks close mixed ahead of inflation data; PLTN, UPST decline

US stocks close mixed ahead of inflation data; PLTN, UPST decline

Wall Street's main indices end mixed on Tuesday, May 10, as Treasury yields and oil prices declined ahead of the Labor Department's latest consumer price index data (CPI). The 10-year Treasury notes hit a three-and-a-half-year high on Monday, forcin...

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NZX 50 slides 1.34% on weak global cues and recession fears

NZX 50 slides 1.34% on weak global cues and recession fears

  • May 10, 2022 08:21 PM NZST
  • Sonal

Highlights The benchmark S&P/NZX50 index fell 1.34% to 11,229.45 on Tuesday. All 3 major indexes posted a decline amid fears that interest rate hikes by the Fed can stall economic growth. Oil prices remained lower; gold rose while cryptocu...

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Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally

Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally

Benchmark US indices extended their slide for a third straight session on Monday, May 9, with the S&P 500 slipping to its lowest level since April 2021, dragged down by losses in mega-cap growth stocks. The S&P 500 was down 3.20% to 3,991.24...

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NZX 50 slides 1.98% as global markets continue to fall, top cryptos down

NZX 50 slides 1.98% as global markets continue to fall, top cryptos down

Highlights The S&P/NZX 50 witnessed a slump and stood at 11,381.700 Global indices like NASDAQ, the Dow Jones, the FTSE, etc., dipped Prices of major cryptos too fell over expectations of an aggressive rise in interest rates The New Z...

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Wall Street retreats after mixed job data; CI, TU rally

Wall Street retreats after mixed job data; CI, TU rally

Benchmark US indices closed lower for the second consecutive day on Friday, May 6, as growth stocks retreated amid higher Treasury yields, and mixed jobs data fueled more interest rate rise worries. The S&P 500 declined 0.57% to 4,123.34. The Do...

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NZX 50 falls 1%, remains relatively insulated from global impact

NZX 50 falls 1%, remains relatively insulated from global impact

  • May 06, 2022 09:21 PM NZST
  • Manika

Highlights The NZ share market was relatively insulated from global markets on Friday The NZX50 was down 1% The market witnessed 22 rises and 121 falls intraday The New Zealand share market was relatively insulated from the impact of incr...

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US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall

US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall

Wall Street’s main indices fell sharply on Thursday, May 5, the biggest drop since the early days of the pandemic as investors feared a steep rate hike call at the Fed’s next meeting in June. The S&P 500 fell 3.56% to 4,146.87. The D...

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