Markets – Up And Down

By Glenn Dyer | More Articles by Glenn Dyer

Aussie stocks fell close to 1% today, pulled down by a weak lead from Wall Street and the banking sector.

The benchmark S&P/ASX 200 was down 51.3 points to 5,520.20, while the broader All Ordinaries fell 50.9 points to 5,583.50.

Banks lead the markets down again, with CBA falling $1.32 to $41.85, with less than half the volume of average daily traded shares changing hands.

NAB fell $1.06 to $28.69, ANZ slid 70 cents to $20.96 and Westpac shed 38 cents to $23.17.

In New York, the Dow was 36 points or 0.3% to 12,576 points and Nasdaq also down 16 points or 0.68% at 2,348.76.

Retailers were down following data released today showing Australian consumer sentiment has fallen to its lowest in almost 15 years.

The Westpac-Melbourne Institute index of consumer sentiment fell by 1.3 per cent in April to 87.4 index points, from 88.6 the previous month.

Shares in Harvey Norman fell 1 cents to $3.91

Other retailers were also down, David Jones falling 5 cents to $3.65 and Coles owner Wesfarmers fell 44 cents to $38.40.

Woolworths ended in the red, down 39 cents or 1.3% at $29.93.

About Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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