NZX50 rises 2.5% following Wall St rally

NZX50 rises 2.5% following Wall St rally
Dan Brunskill
The S&P/NZX 50 Index surged 2.5 percent in early trading, following a strong lead from Wall Street after presidential hopeful Joe Biden took the lead in the race to become the Democratic Party's nominee.Benchmark US indices all closed at least 3 percent higher overnight, with the S&P 500 up 4.2 percent. The S&P 500 healthcare index had its best day since November 2008, climbing 5.8 percent.Former-Vice President Joe Biden’s strong performance in the Super Tuesday Democratic primary contest provided relief to investors wary of the mor...

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