Market Updates

New Zealand Market Ended in Red As Consumer Staples Sector Witnessed Selling

 New Zealand Market Ended in Red As Consumer Staples Sector Witnessed Selling

On 22nd October 2021, the equity market in NZ closed in red as consumer staples sector weighed over the broader market. NZX 50 Index and NZX 20 Index declined by 0.25% and 0.23%, respectively. Notably, NZX All Consumer Staples witnessed a fall of 2.5...

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Buying in Consumer Staples Sector Mainly Helped NZ Market

Buying in Consumer Staples Sector Mainly Helped NZ Market

On 13th October 2021, the NZ market ended in green as significant buying was witnessed in the consumer staples sector.  NZX 50 Index and NZX 20 Index rose by 0.22% and 0.32%, respectively. Notably, NZX All Consumer Staples witnessed a rise of 7....

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US stocks close in red amid inflation concerns

US stocks close in red amid inflation concerns

Benchmark US indices closed lower on Tuesday, October 12, dragged down by bluechip technology and healthcare stocks as investors trudged cautiously amid inflation concerns.  The S&P 500 fell 0.24% to 4,350.65. The Dow Jones fell 0.34% to 34...

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NZ Market Witnessed Selling Pressure: A Quick Look

NZ Market Witnessed Selling Pressure: A Quick Look

On 12th October 2021, the equity market in NZ closed the trading session in red. NZX 50 Index declined by 0.18% to 12,996.26 and NZX 20 Index fell by 0.18% to 8,155.62. However, some buying was encountered in the materials sector. Notably, NZX All Co...

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US stocks drift on skyrocketing oil prices, inflation worries

US stocks drift on skyrocketing oil prices, inflation worries

Benchmark US indices closed lower on Monday, October 11, dragged down by losses in utility, healthcare, and technology stocks amid rising global oil prices that renewed inflation concerns. The S&P 500 was down 0.69% to 4,361.19. The Dow Jones fe...

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New Zealand Market Ended in Red: What Market Players Need to Know

New Zealand Market Ended in Red: What Market Players Need to Know

On 11th October 2021, the NZ market ended in red. This was witnessed mainly because of selling pressure on consumer discretionary as well as healthcare sectors. However, energy sector witnessed buying. NZX 50 Index declined by 0.51% and NZX 10 Index ...

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US markets close week flat on weak jobs data, inflation

US markets close week flat on weak jobs data, inflation

Benchmark US stock indices closed the week flat on Friday, October 8, after weak employment data and inflation concerns lowered investors’ confidence. The S&P 500 was down 0.19% to 4,391.34. The Dow Jones fell 0.03% to 34,746.25. The NASDA...

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NZ Market Ended in Red: A Quick Look

NZ Market Ended in Red: A Quick Look

On 8th October 2021, the equity market in NZ ended in red. NZX 50 Index and NZX 20 Index witnessed a fall of 0.14% and 0.17%, respectively. Also, NZX 10 Index declined by 0.11%. However, NZX All Information Technology and NZX All Consumer Staples enc...

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US stocks rally on Senate debt-ceiling extension deal

US stocks rally on Senate debt-ceiling extension deal

US stock markets closed higher on Thursday, October 7, pulled up by gains in the technology sector as positive sentiments grew after the Senate secured a crucial debt-ceiling extension deal. The S&P 500 was up 0.83% to 4,399.76. The Dow Jones ro...

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Selling in Consumer Staples Sector Weighed Over NZ Market

Selling in Consumer Staples Sector Weighed Over NZ Market

On 7th October 2021, the NZ market ended on an unfavourable note as significant selling was witnessed in the consumer staples sector. Notably, NZX 50 Index and NZX 20 Index fell by 0.47% and 0.53%, respectively. NZX All Consumer Staples witnessed a f...

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US stocks edge higher after weak start in early trade

US stocks edge higher after weak start in early trade

Benchmark US indices closed higher on Wednesday, October 6, as stocks recovered following a weak start to the trading day and bullish sentiments rose after lawmakers sealed a debt-ceiling deal. The S&P 500 was up 0.41% to 4,363.55. The Dow Jones...

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