Market Updates

Broad-Based Selling in Stocks, Primarily in IT Index, Pulled the Broader NZ Market Lower

 Broad-Based Selling in Stocks, Primarily in IT Index, Pulled the Broader NZ Market Lower

On 20th September 2021, the broader NZ market ended the session in red as significant selling was witnessed in the Information Technology Stocks followed by Consumer Discretionary and Financial stocks, among others. Notably, NZX 50 Index fell by 0.42...

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US stocks slip on consumer confidence data

US stocks slip on consumer confidence data

Benchmark US indices closed lower on Tuesday, August 31, after blue-chip technology stocks retreated amid coronavirus fears and new economic data showed declining consumer confidence. The S&P 500 fell 0.13% to 4,522.68. The Dow Jones shed 0.11% ...

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Selling in Consumer Staples and Financials Stocks Limited the Gains of the Broader Market

Selling in Consumer Staples and Financials Stocks Limited the Gains of the Broader Market

On 31st August 2021, the broader NZ market ended the session in the green as significant buying was witnessed in the Materials stocks, among others. However, selling in Consumer Staples as well as Financials stocks, among others, limited the gains of...

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S&P 500, Nasdaq extend gains on tech boost

S&P 500, Nasdaq extend gains on tech boost

Blue-chip S&P 500 and tech-heavy Nasdaq Composite continued their gains on Monday, August 30, from the previous week’s record closes after technology and consumer discretionary stocks rallied. The S&P 500 was up 0.43% to 4,528.79. The ...

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Significant Buying in Financials Stocks Pulled NZ Market in Positive Terrain

Significant Buying in Financials Stocks Pulled NZ Market in Positive Terrain

On 30th August 2021, the broader NZ market ended the session on a positive note as signigicant buying was witnessed in the Financials, Healthcare as well as Industrials stocks, among others. Notably, NZX 50 Index rose by 0.92% to 13,180.58 and NZX 20...

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S&P 500, Nasdaq close at record highs after Powell's dovish remark

S&P 500, Nasdaq close at record highs after Powell's dovish remark

The S&P 500 and tech-heavy Nasdaq closed the trading week at all-time highs on Friday, August 27, after Federal Reserve Chairman Jerome Powell cautioned against overreaction to inflation, reiterating that the bank would start tapering monetary su...

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Broader NZ Market Indices Closed with Marginal Gains

Broader NZ Market Indices Closed with Marginal Gains

On 27th August 2021, the broader NZ market witnessed a marginal rise as gains in Information Technology stocks, amongh others, were capped by the selling pressure in Materials as well as Consumer Staples stocks, among others. Notably, NZX 50 Index ro...

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US stocks drift on Fed's taper concerns, mixed economic data

US stocks drift on Fed's taper concerns, mixed economic data

The benchmark US stock indices slipped on Thursday, August 26, after mixed economic data and concerns over Fed's likely tightening of its asset-buying program weighed on investors' minds. The S&P 500 was down 0.58% to 4,470.00. The Dow Jones fel...

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Bloodbath in Consumer Stocks Pulled the Broader NZ Market Lower

Bloodbath in Consumer Stocks Pulled the Broader NZ Market Lower

On 26th August 2021, the broader NZ market was significantly impacted by the selling pressure in the Consumer Staples stocks, followed by Primary Sector stocks, among others. However, some buying was also witnessed in the Energy stocks. Notably, NZX ...

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US markets extend gains as tech, financial stocks rise

US markets extend gains as tech, financial stocks rise

All major US stock markets closed higher on Wednesday, August 26, pulled up by gains in technology and financial sectors. The blue-chip S&P 500 and tech-heavy Nasdaq Composite closed at record highs for the third consecutive day, buoyed by a posi...

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Buying in Consumer Stocks Supported Broader NZ Market

Buying in Consumer Stocks Supported Broader NZ Market

On 25th August 2021, the broader NZ market was supported by significant buying in the Consumer Discretionary stocks, followed by Financials as well as Consumer Staples stocks, among others. Notably, NZX 50 Index rose by 0.78% to 13,173.48 and NZX 20 ...

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