News

While the three major indexes closed lower, looking under the hood, investors continue to sell last year’s big performers such as the technology shares that doubled the Nasdaq index from lows a year-ago, and bought the “cheaper” value-oriented stocks whic

the New Zealand Government introduced a new set of housing policies aimed to improve home ownership and target rental residential  investors

Tesla jumped +6.6% after a prominent fund manager predicted the stock price could reach $3,000 in 3 years, while the rest of the major tech players were up over +2% for the day.

Highlights this week include 4th quarter economic growth (GDP) being released in the US.

The Nasdaq technology index pulled back sharply, falling 3% by the close of trade. 

The focus overnight was the much anticipated US Federal Reserve announcement given the recent move in interest rates. Chairman Powell continued to project near-zero interest rates at least through 2023, suggesting consistency with the Fed’s view that it w

US stocks retreated late in the session, with the Tech Nasdaq index shedding more than a 1% gain, as yields on longer-maturity US Treasury bonds ticked up, nipping investor enthusiasm for tech-stocks that are high growth but wary of rising inflation.