A rebound looked to be on the cards today as the market recovered its early losses. As the ASX 200 came close to hitting positive territory for the day but ultimately fell short with investors fretting about a potential interest rate hike in the United States.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5356 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5420 points
- AUD/USD at US 72.78 cents
- Iron Ore at US$55.78 a tonne, according to the Metal Bulletin
- Gold at US$1,273.60 an ounce
- Brent oil at US$49.36 a barrel
Most of the banks ended the day lower, with the exception of Australia and New Zealand Banking Group (ASX: ANZ).
ANZ's shares rose 0.8% but the other majors recorded losses, with National Australia Bank Ltd.'s (ASX: NAB) 2.2% decline being the worst of the lot.
Telstra Corporation Ltd (ASX: TLS) also closed 1% lower, while Woolworths Limited (ASX: WOW) shares fell 1.6%.
BHP Billiton Limited (ASX: BHP), on the other hand, continued its ascent. Its shares rose 1.2%, while fellow iron ore miner Rio Tinto Limited (ASX: RIO) lost 0.1%.
Blackmores Limited (ASX: BKL) was one of the worst for the day, falling 5.1%. Graincorp Ltd (ASX: GNC), on the other hand, soared 7.5%.
Here are Wednesday's top stories:
- 4 ways to profit from the growth of the Internet
- 5 reasons to buy CSL Limited shares
- Is Rio Tinto Limited about to join the lithium party?
- Why the Orocobre Ltd share price is up 133% in 6 months
- 4 tech shares that could make you a millionaire
- What Warren Buffett and Apple can teach us about investing
- CRASH! Beacon Lighting Group Ltd share price plunges 20%
