The Markets

NZ shares had a bad hangover after a rough night globally

Friday 6th of May 2022

In the US, the Dow Jones Industrial Average declined 3.1% to a 26-month low while the tech-heavy Nasdaq plummeted 5% to its lowest level since November 2020.

The S&P/NZX 50 index sank 138.1 points, or 1.2%, to 11,609.38. Within the broader equity market, an eye-watering 120 stocks fell and only 22 rose.

Turnover was $141.3 million. Going into the weekend, the Federal Reserve...

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