By Oliver Gray
Investing.com - The S&P/ASX 200 dipped 38.50 points or 0.54% to 7,032.50 during Friday’s trade, posting the 4th consecutive weekly gain as easing inflation pressures boosted risk sentiment.
Among stocks, Information Technology led the declines, falling 1.8% as Block Inc (ASX:SQ2) dipped 4%, Appen Ltd (ASX:APX) fell 2.3%, Megaport Ltd (ASX:MP1) lost 6%, Novonix Ltd (ASX:NVX) shed 8.6% and Brainchip Holdings Ltd (ASX:BRN) lost 3.9%.
Real estate was down 2.1% with Mirvac Group (ASX:MGR) falling 2.3%, Charter Hall Group (ASX:CHC) down 3%, Goodman Group (ASX:GMG) dipping 2.8% and Stockland Corporation Ltd (ASX:SGP) down 1.8%.
Health Care shed 1.4% with Sonic Healthcare Ltd (ASX:SHL) down 3.3%, CSL Ltd (ASX:CSL) declining 0.8%, Fisher & Paykel Healthcare Ltd (ASX:FPH) down 3.7% and Resmed Inc (ASX:RMD) down 3.1%.
Meantime, Energy lifted 2.3% as Woodside Energy Ltd (ASX:WDS) gained 3.7%, Santos Ltd (ASX:STO) lifted 0.8%, Beach Energy Ltd (ASX:BPT) added 3.1% and Viva Energy Group Ltd (ASX:VEA) gained 2.6%.
On the bond markets, Australia 10-Year rates were at 3.456% while United States 10-Year yields were at 2.873%.
In New Zealand, the NZX 50 fell 0.3% to 11,730.5.