MARKET OPEN: Wall Street volatility to dictate direction

Mon, 07 Sep 2020

Significant volatility on Wall Street may sideline domestic investors today although Laybuy’s listing across the ditch will garner attention. The buy now, pay later company is due to list at 2pm NZ time, after offering 57 million shares for A$1.41 each. Wall Street took an early tumble overnight Friday but managed to pare some of the losses. The Dow Jones Industrial Average shed 0.6 percent, the Nasdaq ended down 1.3 percent and the S&P 500 lost 0.8 percent. At one point the Nasdaq was down more than 5 percent. “The ‘buy the dip’ menta...

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