Xero shares drop further

TOM PULLAR-STRECKER for Veooz.com writes: Xero shares have opened lower on the NZX today following a further drop in high-growth technology stocks on the Nasdaq exchange on Friday. The cloud-accounting company opened on the NZX at $30.20, down 3.7 per cent. The Nasdaq index closed down 1.34 per cent on Friday, dipping below 4000 points and thereby giving up all the gains the index had made since late November.