By Oliver Gray
Investing.com - The S&P/ASX 200 fell 61.2 points or 0.9% to 6,738.9 after the first hour of Thursday’s trade, snapping two sessions of consecutive gains with investors tracking a negative session among U.S. equities overnight as bond yields spiked, while earnings Q3 earnings season continues to heat up as local companies report.
ASX 200 Futures fell 0.1%.
Among stocks, Information Technology led declines, down 3.3% as Block Inc (ASX:SQ2) fell 7.8%, Appen Ltd (ASX:APX) lost 2.2%, Link Administration Holdings Ltd (ASX:LNK) fell 1.5% and Brainchip Holdings Ltd (ASX:BRN) shed 3.7%.
Consumer Discretionary fell 2.1% with JB Hi-Fi Ltd (ASX:JBH) down 1.9% Domino's Pizza Enterprises Ltd (ASX:DMP) falling 2.2%, Tabcorp Holdings Ltd (ASX:TAH) down 0.3%, Aristocrat Leisure Ltd (ASX:ALL) falling 1.7% and Wesfarmers Ltd (ASX:WES) down 1.7%.
Energy led gains with a 3.7% increase, with Woodside Energy Ltd (ASX:WDS) adding 6.6% after it increased guidance for full-year production amid all-time high sales during the quarter, while Santos Ltd (ASX:STO) lifted 3.5% as the company also posted record sales.
Ahead in the session, market participants will be closely monitoring fresh employment data.
On the bond markets, Australia 10-Year yields were at 4.067% while United States 10-Year rates reached fresh 14-year highs of 4.142%.