MARKET OPEN: Nasdaq rally, China stimulus to spur buying interest

Tue, 18 Aug 2020

The domestic market is likely in for a better day as a tech-rally pushed the Nasdaq to another record high and China's central bank pumped more money into New Zealand’s largest trading partner. Both the Nasdaq and the S&P 500 benefited when chipmaker Nvidia Corp – due to report Wednesday in the US – was up about 7 percent after analysts raised their price targets, Reuters reported. The Nasdaq was up 1.0 percent at 8am in Wellington, the Dow Jones Industrial Average was down 0.3 percent and the S&P 500 was up 0.3 percent. Domestic inves...

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