Bear territory: NZ share prices opened lower after another bad day on Wall Street. Photo / Carol AtkinsonBear territory: NZ share prices opened lower after another bad day on Wall Street. Photo / Carol AtkinsonNew Zealand share prices opened lower after another big drop on Wall Street, with the local index edging closer towards bear market territory. The benchmark S&P 500 share index fell 4 per cent, its biggest loss since June 2020, with 98 per cent of stocks in the index declining. A drop of 20 per cent or more is considered to be a bear market.

Source: New Zealand Herald May 19, 2022 02:50 UTC