Markets unmoved by record inflation

(Image: Getty)

Thu, 21 Apr 2022

New Zealand's main share index was largely unchanged on Thursday as a market rally was immediately halted by investors either taking the chance to sell or being spooked by a weak Netflix result. The S&P/NZX 50 Index fell just 12 points, or 0.1%, to 11,954. Turnover was $137 million.Two large US companies reported opposite results overnight, Netflix plunged after losing subscribers in the first quarter while Tesla jumped after beating revenue expectations by US$1 billion (NZ$1.47b).The S&P 500 was also more or less flat last ni...

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