
The Markets
US dive brings down NZ stocks
Thursday 19th of May 2022
The S&P/NZX 50 Index fell 51.34 points, or 0.5%, to 11,206.93. Turnover was $113 million.
Stocks had been heading higher for several days as investors stepped in to buy heavily sold companies, but the rally broke last night when Target reported its net profit had halved.
“The relief-rally trapdoor sprung … after Target's earnings results exacerbated some rec...
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