By Oliver Gray
Investing.com - The S&P/ASX 200 finished Tuesday’s trade 92.5 points or 1.3% lower at 6,946.2, with financials and health care leading declines as market participants look ahead to a year of high inflation and slowing economic growth.
Among stocks, Financials declined 1.9% as Macquarie Group Ltd (ASX:MQG) lost 1.4%, Commonwealth Bank Of Australia (ASX:CBA) fell 1.5%, National Australia Bank Ltd (ASX:NAB) lost 2.1% and Westpac Banking Corp (ASX:WBC) fell 2.7%.
Health Care fell 1.8% as Sonic Healthcare Ltd (ASX:SHL) lost 1.2%, CSL Ltd (ASX:CSL) dipped 2.1%, Ramsay Health Care Ltd (ASX:RHC) fell 0.5% and Resmed Inc (ASX:RMD) lost 1.7%.
On the bond markets, Australia 10-Year rates were at 4.014%, while United States 10-Year yields were at 3.848%.