Tech tech boom 💣 - a podcast by ausbiz
from 2022-02-03T06:05:49
The local bourse opened in the wake of the after-market 20+% tumbles in Paypal and Meta, and so local tech found itself under the bus. ZIP closed down over 9%, WiseTech shedding nearly 8%, but Block, the poster child of anti-tech sentiment, shed close to 10%. Novonix at the bottom of the ladder lost 14%. The sole supernova today was Nufarm, closing up 20% as revenues surge ahead of rising costs. Amazon and Ford are among the US companies reporting tonight, while the Bank of England is widely tipped to lift its policy rate again. Overall, as blue chips saved the small caps, the S&P/ASX200 closed down 10 points or -0.1%, to 7078.
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