Positive trading on Wall Street may cheer local investors

Wed, 18 Mar 2020

Local equities may get a sentiment boost from a positive night on Wall Street and the local multi-billion stimulus package announced yesterday. The Dow Jones Industrial average was up 3.8 percent at 8am in Wellington, while the Nasdaq was up 5.1 percent and the S&P 500 was up 4.8 percent. “Global markets rallied overnight following the massive fall the previous day, with volatility still very high,” ANZ Bank said. The mood on Wall Street improved after the US Federal Reserve acted to ensure companies can continue paying workers and buy...

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