November kicks off on down note

November kicks off on down note
Rebecca Howard
A bleak picture for tech stocks coupled with US-election jitters will cast a pall over the domestic market today, with PushPay, Vista Group and Eroad looking particularly vulnerable.The Nasdaq Composite shed 2.5 percent in the US on Friday as Twitter fell 21 percent on its slowest user growth in years. Apple fell 5.6 percent on disappointing quarterly iPhone sales and Facebook, Amazon.com, Tesla and Netflix were all down more than 5 percent.The Dow Jones Industrial Average shed 0.6 percent while the S&P500 ended down 1.2 percent.US election...

More Markets

NZX 50 dips despite Fletcher Building's 4.6% gain
Markets Market Close

NZX 50 dips despite Fletcher Building's 4.6% gain

Pacific Edge shares gained after it said it got a step closer to Medicare approval.

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Trade Window looks to boost profile with ASX listing
Markets

Trade Window looks to boost profile with ASX listing

Trade Window is moving to broaden its investor base with a secondary listing in Australia.The Auckland-based trade software firm said on Monday that with its secondary listing, it was pursuing "the goal of increasing its profile among the broad pool of investors across the Tasman...

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.