By Oliver Gray
Investing.com - The S&P/ASX 200 finished Wednesday’s session 37.1 points or 0.5% lower at 6,992.7, snapping three sessions of consecutive advance as investors retreated ahead of U.S. inflation data set to be released later tonight.
Among stocks, Information Technology led declines, shedding 3.8% overall as Block Inc (ASX:SQ2) fell 6%, Appen Ltd (ASX:APX) lost 4.4%, Megaport Ltd (ASX:MP1) dipped 4.9%, Novonix Ltd (ASX:NVX) shed 4.2% and Brainchip Holdings Ltd (ASX:BRN) lost 5.6%.
Health Care lost 1.5% collectively, as CSL Ltd (ASX:CSL) dipped 1.6%, Sonic Healthcare Ltd (ASX:SHL) lost 2.9%, Ramsay Health Care Ltd (ASX:RHC) dipped 0.6% Pro Medicus Ltd (ASX:PME) shed 1.5% and Cochlear Ltd (ASX:COH) lost 2.9%.
Materials retreated 1% as Rio Tinto Ltd (ASX:RIO) dipped 0.2%, BHP Group Ltd (ASX:BHP) lost 1.3%, Fortescue Metals Group Ltd (ASX:FMG) lost 0.6% and Champion Iron Ltd (ASX:CIA) fell 3.5%.
On the bond markets, Australia 10-Year rates were at 3.27% while United States 10-Year yields were at 2.786%.
In New Zealand, the NZX 50 finish flat at 11,752.1.