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S&P/ASX 200 ends lower for a second straight day, leaving it flat for the week

The tech sector saw the largest fall in percentage terms followed by consumer staples and property trusts.

ASX boards
US and China are much closer to a trade deal

S&P/ASX 200 (INDEXASX:XJO) closed 51.5 points or 0.83% lower at 6181.3 today, with every sector ending the day in negative territory.

The tech sector saw the largest fall in percentage terms followed by consumer staples and property trusts but financials and healthcare contributed most to broader losses due to higher weightage.

The index finished the week flat after losses over the last two sessions wiped out gains over the first three days.

Retail sales bounce back

Buy-now, pay-later companies Afterpay Touch (ASX:APT) and Zip Co (ASX:Z1P) both hit all-time highs following reports earlier this week that Australian retail sales had bounced back in February.

Zip increased 5.67% to $2.05 while Afterpay gained 3.83% to $24.40.

US China trade deal

While the US and China are much closer to a trade deal, intellectual property and theft along with certain tariffs remain sticking points.

In upcoming economic news, the highly anticipated US employment figures will be released along with consumer credit figures.

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