After an improvement yesterday, the local share market was under a bit of pressure today.
In fact, we’ve fallen into a bit of a pattern lately, up one day and down the next, which means our market has barely budged over this week so far.
WATCH THE VIDEO ABOVE: Local share market falls into frustrating pattern
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Sector moves were mixed, with retailers among the worst performers.
Furniture seller Nick Scali tumbled after a profit warning as shoppers have become more cautious with their spending.
That news weighed on other retail names, including Harvey Norman and Temple & Webster.
Fortescue was also lower after its quarterly update and Woodside was another wait, despite oil prices pushing higher.
On the other hand, data centre operator NextDC bounced back after plunging more than 40 per cent yesterday.
And the major banks also had a good day, helping to offset some of the losses elsewhere.
The Aussie dollar is now above $US0.70.
This article is published as part of a paid partnership with the CommSec.
Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.
