InvestNow News – 12th March – ANZ Investments – The Weekly Snapshot – 8 March
Article written by ANZ – 8th March 2021
ANZ Investments brings you a brief snapshot of the week in markets
US equity markets had a volatile close to the week, erasing early-session losses on Friday to close the day up. At one point, the S&P 500 was down more than 1%, before closing up more than 2%.
However, growth stocks continued to broadly underperform last week, weighed down by rising bond yields. For the week, the S&P 500 gained 0.8%, while the NASDAQ 100 fell around 2%, its third consecutive weekly decline. At one point the NASDAQ 100 was nearly 10% off its record high set less than three weeks ago.
Meanwhile, the NZX 50 continued its poor run, recording another weekly loss, falling around 0.4%, while the ASX 200 rose around 0.6%.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 8 March 2021 and is subject to change. This document is for information purposes only and is not to be construed as advice. Although all the information in this document is obtained in good faith from sources believed to be reliable, no representation of warranty, express or implied is made as to its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or liability for any direct or indirect loss or damage arising from your use of this information. Past performance is not indicative of future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
InvestNow News – 12th March – ANZ Investments – The Weekly Snapshot – 8 March
Article written by ANZ – 8th March 2021
ANZ Investments brings you a brief snapshot of the week in markets
US equity markets had a volatile close to the week, erasing early-session losses on Friday to close the day up. At one point, the S&P 500 was down more than 1%, before closing up more than 2%.
However, growth stocks continued to broadly underperform last week, weighed down by rising bond yields. For the week, the S&P 500 gained 0.8%, while the NASDAQ 100 fell around 2%, its third consecutive weekly decline. At one point the NASDAQ 100 was nearly 10% off its record high set less than three weeks ago.
Meanwhile, the NZX 50 continued its poor run, recording another weekly loss, falling around 0.4%, while the ASX 200 rose around 0.6%.
Disclaimer: This information is issued by ANZ Bank New Zealand Limited (ANZ). The information is current as at 8 March 2021 and is subject to change. This document is for information purposes only and is not to be construed as advice. Although all the information in this document is obtained in good faith from sources believed to be reliable, no representation of warranty, express or implied is made as to its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or liability for any direct or indirect loss or damage arising from your use of this information. Past performance is not indicative of future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.
