By Oliver Gray
Investing.com - The S&P/ASX 200 fell 41.5 points or 0.6% to 7,005.4 after the first hour of Tuesday’s trade, extending losses of 1% in the previous session and tracking strong declined on Wall Street overnight as rising yields and a strengthening U.S. Dollar sapped risk sentiment.
ASX 200 Futures were pointing 0.2% higher.
Among stocks, Consumer Staples led declines, down 2.1% collectively. Woolworths Ltd (ASX:WOW) dipped 1.3% , Graincorp Ltd (ASX:GNC) fell 1.3%, Coles Group Ltd (ASX:COL) lost 1.6% and Endeavour Group Ltd (ASX:EDV) shed 8.7%.
Consumer Discretionary fell 0.8% as Domino's Pizza Enterprises Ltd (ASX:DMP) lost 2.8%, Tabcorp Holdings Ltd (ASX:TAH) fell 0.5%, Aristocrat Leisure Ltd (ASX:ALL) dropped 0.9% and JB Hi-Fi Ltd (ASX:JBH) added 0.2%.
Financials fell 1.3% with Macquarie Group Ltd (ASX:MQG) falling 3.2%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) down 1.2%, Commonwealth Bank Of Australia (ASX:CBA) dipping 0.5%, National Australia Bank Ltd (ASX:NAB) down 1.5% and Westpac Banking Corp (ASX:WBC) falling 1.4%.
Meantime, Information Technology gained 0.9%, boosted primarily by Altium Ltd (ASX:ALU) which surged 19.4% after reporting a 23% increase in revenue since 30th June of last year.
Materials were 0.7% higher, with Rio Tinto Ltd (ASX:RIO) down 0.2%, Fortescue Metals Group Ltd (ASX:FMG) adding 0.2% apiece, BHP Group Ltd (ASX:BHP) up 1.4%, Champion Iron Ltd (ASX:CIA) adding 1.7%.
On the bond markets Australia 10-Year rates were at 3.331% while United States 10-Year yields were at 3.018%.
In New Zealand, the NZX 50 was fell 105.6 points or 0.9% to 11,658.3.