Nvidia slump drags Wall Street and NZ sharemarket lower

Turners Automotive continued to gain after reporting a strong result this week. (Image: Turners)

Fri, 21 Nov 2025

A bad day on Wall Street after Nvidia’s result helped drive the New Zealand sharemarket down, but many stocks ended well off their lows.The S&P/NZX 50 Index closed 20 points, or 0.15%, down at 13,419.40, with 37.2 million shares worth $137.9m trading.On the day, there were 55 rises and 90 falls on the main board.In the US, the Nasdaq Composite closed 2.2% lower, more than reversing an early 2% gain, while the benchmark S&P 500 index fell by 1.6%.Chip maker Nvidia, a poster child for the AI boom, had initially rallied more than 5%...

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