The Markets
NZ sharemarket flat amid Tourism Holdings trading halt
Thursday 2nd of May 2024
After a mixed day on Wall Street, following the latest Federal Reserve moves, the S&P/NZX 50 Index closed at 11,874.04, up 6.46 points or 0.05%.
There were 59 gainers and 79 decliners over the whole market, with 33.1 million shares worth $98m changing hands.
A volatile day
The US Federal Reserve kept its cash rate on hold and is slowing the pace of its quantitative tightening programme. The Fed said there had been a lack of further progress towards its 2% inflation goal in recent months.
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