MARKET OPEN: Eyes on rising covid cases in key markets

MARKET OPEN: Eyes on rising covid cases in key markets
Rebecca Howard
The market may get a lift after Wall Street ended the week on a positive note but new cases of covid-19 in China as well as rising cases in key US states may dampen some enthusiasm. The Dow Jones Industrial Average added 1.9 percent, the Nasdaq added 1 percent and the S&P 500 added 1.3 percent on Friday, largely on bargain hunting. However, as of June 13, 41 symptomatic laboratory confirmed cases and 46 laboratory confirmed cases without symptoms of covid-19 have been identified in Beijing, the World Health Organisation said. Until now, t...

More Markets

FMA gets eligible investor certification clarity
Finance

FMA gets eligible investor certification clarity

High Court Justice Sally Fitzgerald released a 45-page judgment on Thursday.

Major stock moves expected as index reshuffles hit markets
Markets

Major stock moves expected as index reshuffles hit markets

Analysts are anticipating the week will end with significant volume and volatility.

Sharesies’ app affected by more than hour-long outage
Finance

Sharesies’ app affected by more than hour-long outage

Sharesies portfolio app was down for more than an hour, frustrating US-focused investors.

Co-ops last five times longer than limited liability companies - report
Primary Sector

Co-ops last five times longer than limited liability companies - report

Top 30 co-ops and mutuals made $51.9b revenue in 2024, 12.5% of GDP.