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Market Wrap Up – June 2024

Market Wrap Up – June 2024

The top movers from the NZX and S&P 500 courtesy of Hatch.

2 July 2024

S&P 500

Adobe’s stock rallied with double digit growth in revenue and earnings At 24.14 per cent growth, the Adobe stock price represents a significant rebound from its 21 per cent drop since the market peak in 2021.

Carnival Corporation, the world’s largest cruise ship operator, also saw significant growth in June, with quarterly results beating analyst expectations and a percentage leap of 24.14 per cent.


Scales Corp led the charge in June, with a percentage growth increase of 7.15 per cent. The apple, pet food and logistics company recently announced the acquisition of a number oforchard assets, after a dramatic year in 2023 when Cyclone Gabrielle wreaked havoc on the horticultural economy.

Infrastructure investor Infratil’s recent announcement of an additional funds-raise of $1.150 billion for its data centre company CDC is a sign of the company’s strength, this part of the portfolio now valued at $4.4 billion, which is a 26 per cent increase from the previous year. The percentage growth of 6.9 is a reflection of this optimism.

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