Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5935
    +0.0001 (+0.02%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    82.82
    -0.54 (-0.65%)
     
  • GOLD

    2,328.60
    -13.50 (-0.58%)
     

Has This Market Winner Lost Its Luster for Good?

Has This Market Winner Lost Its Luster for Good?

Friday was a topsy-turvy day for the stock market, marking a fitting end to a tumultuous week. The Nasdaq Composite (NASDAQINDEX: ^IXIC), meanwhile, saw a nice push higher to rebound from outsized losses earlier in the week. Other financial markets saw big moves, with bond yields reversing lower, oil prices giving back about $2 per barrel to $61.50, and cryptocurrencies remaining under pressure.