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

Lake Pūkaki returns to average levels
Markets

Lake Pūkaki returns to average levels

It reduces some of the pressure around energy supply in winter 2025.

Mainfreight's provisional half-year profit down on higher revenue
Markets

Mainfreight's provisional half-year profit down on higher revenue

Trouble in the Red Sea and Singapore port congestion have affected business.

Rakon quartz supply unaffected post-hurricane
Markets

Rakon quartz supply unaffected post-hurricane

 Hurricane Helene hit a US town where two large mines are. 

Sharesies KiwiSaver to access US share market
Markets

Sharesies KiwiSaver to access US share market

The Sharesies KiwiSaver scheme has $230 million under management.