Latest FromNew York Stock Exchange
![NZ stocks drop after global plunge](/pf/resources/images/placeholders/placeholder_l.png?d=795)
NZ stocks drop after global plunge
The NZ stock exchange has fallen 2.5 per cent on opening, following a big slump on world markets overnight. The NZX 50 Index shed 80.89 points to 3297.86, the lowest level since December.
![Economic concern sinks US stocks overnight](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Economic concern sinks US stocks overnight
An agreement on the US debt ceiling did little to stem investors' concern overnight that the world's largest economy is faltering, which will hurt corporate earnings down the road.
![US debt deal still expected, as investors sit on their hands](/pf/resources/images/placeholders/placeholder_l.png?d=795)
US debt deal still expected, as investors sit on their hands
Investors on Wall Street sat on their hands while the US Democrats and Republicans duked it out over rival plans to lower the country's deficit and raise the US$14.3 trillion debt ceiling.
![US debt standoff keeps investors on sidelines of world markets](/pf/resources/images/placeholders/placeholder_l.png?d=795)
US debt standoff keeps investors on sidelines of world markets
A Mexican standoff in the US debt talks, with a potential credit ratings downgrade and a government default at stake, kept investors on the sidelines overnight.
![World markets rise as momentum grows in debt talks](/pf/resources/images/placeholders/placeholder_l.png?d=795)
World markets rise as momentum grows in debt talks
World markets were up overnight, as positive debt reports came out of the United States and Europe.
![Debt concern offsets Apple's overnight Wall St climb](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Debt concern offsets Apple's overnight Wall St climb
Apple's solid profits failed to take away investors' concern about the political wrangling in the US.
![Bernanke comes to the party, world markets rise](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Bernanke comes to the party, world markets rise
World share markets rose overnight after Federal Reserve chairman Ben Bernanke said the Fed was ready to help the US economy if there were further signs of weakness.
![Italy catches cold as world markets dip overnight](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Italy catches cold as world markets dip overnight
Fear that the debt crisis in Europe is spreading has sent investors running for the exits, hammering both global equities and the euro.
![US shoppers lift Wall Street overnight](/pf/resources/images/placeholders/placeholder_l.png?d=795)
US shoppers lift Wall Street overnight
Retailers helped boost Wall Street after a surprisingly buoyant jobs report and better-than-expected sales at big retailers.
![World shares stay firm on Greece optimism](/pf/resources/images/placeholders/placeholder_l.png?d=795)
World shares stay firm on Greece optimism
The tone on Wall Street and Europe's equity markets remained positive overnight amid optimism the EU is making progress in its efforts to avert a Greek default.