
'Major loser': Trump's Fed comments shake Wall Street
Dow, Nasdaq slide more than 3%.
Dow, Nasdaq slide more than 3%.
An update from Tourism Holdings and quarterly inflation figures have driven movement.
Telco looking to make up lost ground in its drive to slash labour costs.
Nasdaq slides 4.5% after Powell's warning.
New Zealand stocks ended strongly, despite earnings downgrades and offshore trends.
Trump accuses Beijing of reneging on a deal with US aviation giant.
Investors remain cautious as Trump effect continues. NZME falls 2.7%
The S&P/NZX 50 Index rose 0.74% to 12,107.54 as 90 stocks gained.
The S&P 500 fell 10.5% over two days after Trump's tariff announcement.
Mainfreight rebounded $4.84 or 8.57% to $61.34, reaching a high of $62.50.
The NZX slides despite some rate relief.
Blue-chip stocks like Fisher and Paykel Healthcare rebounded by 10c to $33.55.
PLUS: The sector that will 'escape a direct hit'.
The NZX 50 Index plummeted 3.68% to 11,775.88, its worst drop since March 2020.
The NZ market is down more than 3% and the Australian market has plunged 6.3%.
The US$6.6t two-day rout is only rivalled by 2020's pandemic meltdown and the GFC
The S&P/NZX 50 closed at 12,225.28, down 113.29 points or 0.92%.
More volatility is predicted to be in store as the day progresses.
Reaction to policies will be visible on the NZX as it opens before other exchanges.
The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.
Airport's share prices rises as its weighting on S&P index increases.
In the final episode of Market Watch, we look back at nine years of share market growth.
PLUS: Being AI finally finds three independent directors - and they're big names.
The company has not announced the contract but is advertising a new analyst role.
The NZ sharemarket closed down 28.39 points or 0.23%.
S&P/NZX 50 enjoys biggest single-day rise in four months.
Minister is considering changes.
NZ market follows lead of the US.
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report
A strong farm gate milk price and dividend has boosted the fund.