Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Wednesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.68% to 6,016.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.68% to 6,117.30
- AUD/USD at US 77.9 cents
- Gold at US$1,318.70 an ounce
- Brent Oil at US$66.32 a barrel
The market fell today after the new boss of the Federal Reserve said it would press on with interest rate rises.
A lot of companies have reported today, here's how the market reacted to some of them.
Ramsay Health Care Limited (ASX: RHC) reported another set of growth figures but the market was expecting more, so the share price has dropped by 5.75% today.
Another major disappointment for the market was Harvey Norman Holdings Limited (ASX: HVN), its share price fell 12.45% after reporting that profit dropped by 19%.
Investors thought the Bega Cheese Ltd (ASX: BGA) result was a bit off and sent the share price down by 6.41% even though it reported a higher price.
Adelaide Brighton Ltd (ASX: ABC) did not build investor's confidence with its report, its share price dropped 5.87% today.
Bubs Australia Ltd (ASX: BUB) was another to report today, it showed impressive revenue growth but its share price dropped 12.63%.
The GetSwift Ltd (ASX: GSW) share price dropped by 11% after reporting a bigger loss than last year.
Technology wholesaler Dicker Data Ltd (ASX: DDR) fell by 1.4% today after reporting an increase to its profit of 5.1%.
Finally, Wattle Health Australia Ltd (ASX: WHA) fell by 7.58% today after reporting that revenue actually fell compared to the prior corresponding period.
Here are some of today's top stories:
