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 trade flat on gloomy Chinese economic data

US stocks trade flat on gloomy Chinese economic data

Benchmark US indices traded near flat on Monday, August 17, after the latest Chinese economic data showed the country’s recovery rate in July was way below economists’ expectations. The grim outlook triggered investors’ concerns abo...

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New Zealand Markets Ended in Red: A Brief Look

New Zealand Markets Ended in Red: A Brief Look

On 16th August 2021, the broader NZ market ended the session in red, primarily led by Utilities stocks, among others. However, significant buying was witnessed in the Consumer Staples and Primary Sector stocks, among others. NZX 50 Index fell by 0.34...

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Dow, S&P 500 see record close on positive economic outlook

Dow, S&P 500 see record close on positive economic outlook

The Dow Jones Industrial Average and the S&P 500 closed the week at record highs on Friday, August 13, after better-than-expected quarterly results of some companies this week turbocharged the investors to bet on risky assets or slow-moving econo...

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Buying in Healthcare and Consumer Discretionary Stocks Helped Broader Market in New Zealand

Buying in Healthcare and Consumer Discretionary Stocks Helped Broader Market in New Zealand

On 13th August 2021, the broader market in NZ ended the session in green, primarily driven by gains in Healthcare and Consumer Discretionary stocks, among others. However, the gains were restricted due to the selling pressue in Energy stocks, amongh ...

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Nasdaq, S&P 500 close higher on tech gains

Nasdaq, S&P 500 close higher on tech gains

The Nasdaq Composite and the S&P 500 Index edged higher on Thursday, August 12, as tech stocks saw notable gains, while the Dow Jones closed flat after the economy-sensitive stocks pulled back. The S&P 500 was up 0.30% to 4,460.83. The Dow J...

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Selling in Healthcare and Utility Stocks Impacted NZ Market

Selling in Healthcare and Utility Stocks Impacted NZ Market

On 12th August 2021, the broader NZ market ended the session in red as selling pressure was witnessed in the Healthcare, Utility, and Information Technology stocks, among others. Notably, NZX 50 Index fell by 0.52% to 12,681.81 and NZX 20 Index decli...

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Healthcare Stocks Came Under Selling Pressure: What Investors Need to Know

Healthcare Stocks Came Under Selling Pressure: What Investors Need to Know

On 11th August 2021, the broader NZ market was influenced by the selling pressure witnessed in the Healthcare stocks. However, some buying was seen in the real estate stocks. Notably, NZX 50 Index fell by 0.13% to 12,748.07 and NZX 20 Index declined ...

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Dow, S&P 500 close at record highs as senate passes infra bill

Dow, S&P 500 close at record highs as senate passes infra bill

Dow Jones Industrial Average and the S&P 500 index closed at all-time highs on Tuesday, August 10, as investors laid bets on economy-sensitive stocks amid excitement over the US$1 trillion infrastructure spending bill passed by the US Senate in a...

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Materials and Real Estate Sectors Supported NZ Market

Materials and Real Estate Sectors Supported NZ Market

On 10th August 2021, NZ equity market ended the session in green as there was significant buying in sectors like materials, real estate, among others. On the same day, NZX 50 Index rose by 0.50% to 12,764.23 and NZX 20 Index increased by 0.52% to 8,1...

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US stocks close flat on oil slide, covid fears

US stocks close flat on oil slide, covid fears

Benchmark US indices closed flat on Monday, August 9, as global oil prices tumbled amid rising delta virus concerns, deterring investors from exploring opportunities in the stock market. The S&P 500 fell 0.09% to 4,432.35. The Dow Jones declined...

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