logo-loader
viewProactive Investors Australia

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.

Quick facts: Proactive Investors Australia

Price: - -

ASX:.
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: De Grey Mining strikes wide gold mineralisation zone in...

De Grey Mining Ltd (ASX:DEG) executive chairman Simon Lill updates Proactive on new gold mineralisation defined at the Buckle prospect in W.A.’s Pilbara region, after first drilling. RC drilling is now planned to commence in February to determine further resource potential of the exciting new...

1 day, 18 hours ago

2 min read