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16 May 2022 17:52
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      Home > News > Business

    A rollercoaster ride today for American shareholders

    A rollercoaster ride today for American shareholders


    Stocks opened in the red as investors worried about plans to hike interest rates, tensions in Ukraine, inflation and Omicron.

    At one point, the market was on track for its worst day since October 2020, but with just minutes to go, the major indices reversed and turned green.

    CNN correspondent Matt Egan says stocks dropped so much people thought they started to look attractive again.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     16 May: Stockbroker, sharemarket analyst, journalist and co-founder of Milford Asset Management, Brian Gaynor, has died
     16 May: Cycling New Zealand has committed to changing the way it deals with internal issues
     16 May: DairyNZ says the Government's commitment of 339-million-dollars to reduce agricultural greenhouse gas emissions will help Kiwi dairy farmers remain 'high-performing'
     16 May: Home values are expected to drop in Canterbury? eventually
     15 May: Families facing 'mind boggling' school and childcare fees hoping for relief this election
     14 May: A second half scoring surge has helped the Blues to a 53-26 win over the Reds in Super Rugby Pacific at Eden Park
     13 May: Hopes the big red shed could join the supermarket sector
     Top Stories

    RUGBY RUGBY
    The Black Sticks women have a list of improvements to make after their 2-nil series defeat by Australia's Hockeyroos More...

    BUSINESS BUSINESS
    Stockbroker, sharemarket analyst, journalist and co-founder of Milford Asset Management, Brian Gaynor, has died More...


     Today's News

    		 Business:
    Stockbroker, sharemarket analyst, journalist and co-founder of Milford Asset Management, Brian Gaynor, has died 17:30

     Entertainment:
    Halsey has spent eight years fighting for a diagnosis for their health issues 17:18

     Business:
    Cycling New Zealand has committed to changing the way it deals with internal issues 17:10

     International:
    US authorities interview parents of suspect in deadly Buffalo, New York, supermarket shooting 16:50

     Motoring:
    Serious damage to a lower Hutt BP this morning, which was smashed into with a stolen digger about 2.30am 16:50

     Entertainment:
    Bruce MacVittie has died aged 65 16:48

     Entertainment:
    A dessert inspired by Queen Elizabeth and Prince Philip's wedding menu has been named the official Platinum Pudding 16:18

     International:
    How are people reacting to Eurovision 2022? Were there voting irregularities? Will Ukraine host next year's competition? 16:00

     Entertainment:
    Travis Scott is being sued by a woman who claimed she suffered a miscarriage after being crushed at Astroworld 15:48

     Business:
    DairyNZ says the Government's commitment of 339-million-dollars to reduce agricultural greenhouse gas emissions will help Kiwi dairy farmers remain 'high-performing' 15:30

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