Local shares fell away on Friday, but still ended the week considerably higher.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 4952 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5008 points
  • AUD/USD at US 71.05 cents
  • Iron Ore at US$47.14 a tonne, according to the Metal Bulletin
  • Gold at US$1,227.01 an ounce
  • Brent oil at US$33.89 a barrel

The ASX took a breather today, following the lead set by international markets overnight. Oil prices dropped and gold rallied again, while there were also a number of disappointing earnings results for investors to process.

Santos Ltd (ASX: STO) was one of those companies with disappointing earnings, its shares losing 4.2%. Other companies in the energy sector such as BHP Billiton Limited (ASX: BHP) and Woodside Petroleum Limited (ASX: WPL) also shed 2% and 2.3%.

Meanwhile, Medibank Private Ltd (ASX: MPL) fell 0.8% after its interim earnings and Bellamy’s Australia Ltd (ASX: BAL) retreated 13.8% after its own earnings results.

All four of Australia’s major banks ended the day in the red, although National Australia Bank Ltd. (ASX: NAB) caused the most damage, sliding 2.1%. Telstra Corporation Ltd (ASX: TLS) shares also lost 2.2%.

Once again, Mesoblast limited (ASX: MSB) was one of the top-performing shares on the market, rising 9.1%. Unfortunately, shares of Arrium Ltd (ASX: ARI) slipped another 42.3%.

Here are Friday’s top stories:

  1. Santos Ltd shares plunge 8% as loss hits $2.7 billion
  2. Medibank Private Ltd rises on 58% profit growth – is it a buy?
  3. Why the Bellamy’s Australia Ltd share price crashed today
  4. 5 facts you need to know about Pro Medicus Limited today
  5. What happens to Gold when share investors turn bullish again?
  6. Why the 3P Learning Ltd share price has crashed today

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. You can follow Ryan on Twitter @ASXvalueinvest.

The Motley Fool Australia owns shares of Bellamy's Australia. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.