Silver lining for Wall Street: US shares rebound as silver gets attention | NZ Market Updates

The US shares rebounded on Monday after retail traders shifted their focus to silver, driving up mining stocks.

• The iShares Silver Trust ETF zoomed just above 9 per cent after the metal broke above US$30 an ounce for the first time since 2013.

• The Dow Jones Industrial Average closed higher by 229.29 points or 0.76 per cent at 30,211.91, while the S&P 500 closed at 3,773.86, up 59.62 points, or 1.61 per cent. NASDAQ Composite ended at 13,403.40, up 332.70 points, or 2.55 per cent. How did NZX listed companies Mainfreight and TIL Logistics fare in 2020?

•. With several sectors facing turbulence in the year 2020 owing to the ghastly pandemic and everything that it brought along with it, logistics was no different. With the COVID-19 border restrictions, business across different geographical locations came to a standstill.

• COVID-19 impacted the logistics industry in many different ways in the year 2020.

• With border restrictions and delays, businesses came to a halt affecting several industries, simultaneously.

• Mainfreight and TIL Logistics have each shown their own unique graph in their endeavour to deal with the uncertainty caused by coronavirus. Is NZ on its way to success yet again? Zero new COVID-19 case recorded on 1 February

• NZ Ministry of Health updated On 1 February 2021, New Zealand reported zero new case of COVID-19.

•. It was further reported that the previously reported single case has also recovered now. Besides this, there was another case which has now been classified as ‘under investigation’, which means it could be a possible historical case of the infection.

• 1,947 total confirmed coronavirus cases reported in New Zealand by 31 January 2021.

• Investigations underway to find out the cause of widespread infection at the Pullman Hotel.



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