
Uncertainty on Wall St as US stocks fall
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.
Equities slid overnight amid further signs of economic weakness in China, Europe and the US.
Shares in investment company Guinness Peat Group fell 5c in early trading following the removal of New Zealand-based Tony Gibbs.
Telecom shares have plunged to a new low as the NZX lost 2pc on opening.
US share prices were mixed as higher-than-estimated growth in construction spending and manufacturing offset a drop in energy shares.
People called Apple a flash in the pan - but Flash is on the way out and Microsoft just got passed by Apple in market capitalisation.