Why Block, Brickworks, Resolute, and Rio Tinto shares are falling today

These ASX shares are ending the week in the red.

| More on:
A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is off its lows but still in the red. At the time of writing, the benchmark index is down 0.4% to 7,034.9 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Block Inc (ASX: SQ2)

The Block share price is down 2.5% to $71.43. This follows another poor night of trade for the payments company's NYSE-listed shares. Block's shares on Wall Street hit a new 52-week low overnight and are now down by 30% since the start of the year. Earlier this week, the company announced the exit of its Square CEO.

Brickworks Limited (ASX: BKW)

The Brickworks share price is down 2% to $26.04. This is despite there being no news out of the building products company. However, it is worth noting that the company is due to release its FY 2023 results next week. Some investors may have decided to take a bit of profit off the table ahead of the release.

Resolute Mining Ltd (ASX: RSG)

The Resolute Mining share price is down almost 3% to 34 cents. Investors have been selling Resolute and other ASX gold shares today after the gold price pulled back overnight. Traders were selling down the precious metal amid concerns that interest rates will be higher for longer than previously expected.

Rio Tinto Ltd (ASX: RIO)

The Rio Tinto share price is down almost 2% to $113.93. This follows a pullback in the iron ore price overnight. In addition, the market appears concerned by the potential for a repeat of the Juukan Gorge incident. This follows news that blasts at the Nammuldi iron ore mine in August damaged another ancient rock shelter.

Should you invest $1,000 in Sirius Xm right now?

Before you buy Sirius Xm shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Sirius Xm wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Block and Brickworks. The Motley Fool Australia has positions in and has recommended Block and Brickworks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why Block, Corporate Travel Management, Judo, and Zip shares are sinking today

These shares are missing out on the good times on Friday. But why?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

These were the worst-performing ASX 200 shares in April

These shares were out of form last month. But why?

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel shares crash 11% as Trump tariffs bite

Trump’s tariffs are roiling Corporate Travel shares on Friday.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Brainchip, DroneShield, Resolute Mining, and Woodside shares are falling today

These shares are under pressure on Thursday. What's going on?

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Share Fallers

Why Appen, Bank of Queensland, Novonix, and Ora Banda shares are falling today

These shares are having a tough time on hump day. But why?

Read more »

A woman with a sad face looks to be receiving bad news on her phone as she holds it in her hands and looks down at it.
Share Fallers

Why Brainchip, Catalyst Metals, Northern Star, and Pact Group shares are tumbling today

These shares are having a tough time on Tuesday. But why?

Read more »

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Share Fallers

Why Brambles, Bravura, Pantoro, and Telix shares are sinking today

These shares are starting the week in the red. But why?

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Share Fallers

Why DroneShield, Generation Development, Oneview, and PWR shares are falling today

These shares are ending the week in the red. But why?

Read more »