Money S&P/ASX200 dips below 6,000 points

08:56  14 november  2017
08:56  14 november  2017 Source:   MSN

Shaun Johnson's record breaking day

  Shaun Johnson's record breaking day Impressive stuff.

S & P / ASX 200 dips below 6 , 000 points . Business News. 03:47. A weak start to trading has sent the share market' s leading index back below the 6 , 000 - point level it broke last week. Despite a positive lead from Wall Street, the benchmark S & P / ASX 200 i ..

The Australian share market is lower at midday amid broad-based losses, with the S & P / ASX 200 index back below the 6 , 000 - point mark it broke through last week. At 1200 AEDT the benchmark S & P / ASX 200 was down

Pedestrians reflected in a window at the Australian Stock Exchange in Sydney.© AAP Image/Joel Carrett Pedestrians reflected in a window at the Australian Stock Exchange in Sydney. A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

Despite a positive lead from Wall Street, the benchmark S&P/ASX200 index was down 0.7 per cent at 5,979.1 points at 1030 AEDT, as mining and energy stocks lost ground.

The S&P/ASX200 has been trading above 6,000 points since breaking through the barrier on November 7, the first time it had done so since 2008.

CMC Markets chief market analyst Ric Spooner said it was a real possibility the market could remain below 6,000 points for the remainder of the session.

Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does

  Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does The benchmark ASX2000 popped through 6000 points this morning. Then promptly fell again.Then promptly fell again.

The Australian share market falls back below 6 , 000 points just a week after reaching the milestone for the first time in a decade.

The S & P / ASX 200 is under pressure today from falls in the mining sector. Iron ore offered some room for optimism amid the resources gloom. At its lows the Dow had dipped below 16000 for the first time since Sept. 1. The S & P 500 fell 49.57 points , or 2. 6 %, to 1881.77, while the Nasdaq Composite

"As things currently stand I think that is on the cards," he said.

"Right now there is quite a significant downward momentum in the market."

Energy stocks were a key area of weakness, despite oil prices holding steady overnight.

Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does

  Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does The benchmark ASX2000 popped through 6000 points this morning. Then promptly fell again.Then promptly fell again.

The benchmark S & P / ASX 200 dipped lower at the start of trading. Bullish on ASXSP200.I. The S & P / ASX 200 is still managing to trade above the uptrend line as the S & P 500 continues to hover around the all-time high levels, which for now is acting as a point of resistance (see chart below ).

S P Asx 200 Dips Below 6 000 Points As Energy Stocks Weaken -> Source. Asian Stocks Trade Lower China Bucks Trend Onestopbrokers -> Source. Australia 200 feels the lack of tech stocks cmc markets australia stocks lower at close of trade s p asx 200 down 1 01 hot rock energy stocks shares

Woodside Petroleum was down three per cent at $31.28, Santos had retreated 2.2 per cent to $4.48 and Oil Search was 1.8 per cent weaker at $7.29

Miners were also lower, with BHP Billiton down 1.4 per cent at $27.88, Rio Tinto down 1.2 per cent at $72.84 and Fortescue Metals 1.9 per cent weaker at $4.76.

Another major stock, blood products and vaccines giant CSL, was down two per cent at $140.65, while smaller healthcare stocks were mixed.

The banking sector's falls were more modest, with ANZ the worst performer among the big four banks, down 0.8 per cent at $29.29.

Incitec Pivot was one of the best performers, up 5.9 per cent at $3.96, after the fertiliser and explosives maker more than doubed its annual profit.

Computershare was also stronger, up 3.5 per cent at $15.72 after upgrading its forecast for earnings per share in 2017/18.

The Australian dollar is weaker, trading at 76.17 US cents at 1030 AEDT, from 76.61 US cents on Monday.

ON THE ASX:

* The benchmark S&P/ASX200 index was down 42.7 points, or 0.71 per cent, at 5979.1 points at 1030 AEDT.

* The broader All Ordinaries index was down 39.8 points, or 0.65 per cent, at 6,057.4 points.

* The SPI200 futures contract was down 40 points, or 0.66 per cent, at 5,994 points.

* National turnover was 2.1 billion securities traded worth $4.6 billion.

AUSTRALIAN STOCKS LIFT: Here's what you need to know .
<p>Australian stocks closed higher.</p>Today’s scoreboard:

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