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Markets

MARKET CLOSE: NZ shares dip as investors await US earnings

Dan Brunskill
Tue, 28 Jul 2020

New Zealand shares edged lower as investors became wary of a market correction ahead of earnings results from some of the United States’ biggest listed companies.   The S&P/NZX 50 Index decreased 7.35 points, or 0.1 percent, to 11,578.27. Within the index, 17 stocks fell, 28 rose, and five were unchanged. Turnover was $147 million. The benchmark index was in positive territory for most of the day, rising more than 0.8 percent as it followed stronger US markets overnight, but tapered off into the close when US equities futures turned flat....

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