By Oliver Gray
Investing.com - The S&P/ASX 200 fell 21.8 points or 0.3% to 7,314.5 during Wednesday’s session, falling for the consecutive session to fresh 6-week lows as wages data revealed strong increases amid surging inflation pressures.
Among stocks, Discretionary was worst hit, falling 1.3% as Domino's Pizza Enterprises Ltd (ASX:DMP) plunged 23.6% after results, reporting EPS of A$0.83 versus $0.86 expected on revenues of $1.55 billion versus 1.21 billion expected.
JB Hi-Fi Ltd (ASX:JBH) lost 0.7%, Tabcorp Holdings Ltd (ASX:TAH) shed 3.9% and Wesfarmers Ltd (ASX:WES) lost 1.5%.
Meantime, Santos Ltd (ASX:STO) shares rallied 3.4% after reporting EPS of A$0.57 versus $0.59 expected while revenues came in at $6.03 billion, in line with expectations.
Woolworths Ltd (ASX:WOW) added 1.8% after posting EPS of $0.72 versus $0.73 expected, while revenue came in at $33.1 billion versus $33.17 billion expected.
On the bond markets, Australia 10-Year rates were at 3.877%.
In New Zealand, the NZX 50 slipped 0.1% to 11,794.2.