New Zealand stocks slipped 22 points, or 0.2%, to 13,274 in Thursday morning trade, extending losses for a second session as Wall Street’s overnight fall weighed on sentiment. Caution ahead of upcoming U.S. inflation data kept investors on the sidelines, while enduring weakness in the U.S. AI trade further dampened risk appetite. The NZX 50 hovered near two-month lows, pressured by drops in consumer non-durables, financials, and healthcare stocks. Still, losses were partly cushioned by solid Q3 GDP data, which showed New Zealand's economy grew 1.1% qoq, rebounding from a 1% contraction in Q2 and exceeding forecasts of 0.9%. On an annual basis, the GDP rose 1.3%, the first growth in five quarters, meeting expectations. Tourism Holdings fell 2.5%, followed by Third Age Health Services (-1.8%), Delegat Group (-1.7%), and Infratil (-1.5%). Looking ahead, traders are awaiting the November trade figures and December consumer sentiment data, both of which are due on Friday.