Aussie shares fail to extend winning streak into Q4

Aussie shares fail to extend winning streak into Q4
(Image: Getty)
AAP
By Derek RoseThe Australian share market finished lower on Tuesday, pulling back from record high levels after comments by Fed chairman Jerome Powell cast doubt on the chances of another double-sized US rate cut.The benchmark S&P/ASX200 index finished down 60.2 points, or 0.74%, to 8,208.9, snapping its three-day winning streak. The broader All Ordinaries dropped 565 points, or 0.66%, to 8,481.9.Overnight, Powell told a conference of business economists the US economy was "strong overall" and interest rate cuts would come &qu...

More Markets

NZX 50 lifts 0.5% as Eroad continues to climb
Markets Market Close

NZX 50 lifts 0.5% as Eroad continues to climb

Metroglass shares were down after it announced its recapitalisation plan.

Metroglass recap plan hands control to Amari Metals
Markets

Metroglass recap plan hands control to Amari Metals

An independent report said Metroglass was left with “no viable alternatives”.

Vital presses remaining shareholders to back takeover
Markets

Vital presses remaining shareholders to back takeover

Vital wants shareholders to accept “without delay”.

The problem with wet sock small caps
Markets

Eden Bradfield: The problem with wet sock small caps

Why are smaller firms better off as private companies?

Eden Bradfield 09 Aug 2025