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...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024