Market Wrap: ASX 200 follows commodity prices lower

The ASX 200 has snapped an eight-day winning streak today, dragged down by the performance of the miners as well as the banks.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5451 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5533 points
  • AUD/USD at US 75.23 cents
  • Iron Ore at US$56.86 a tonne, according to the Metal Bulletin
  • Gold at US$1,329.95 an ounce
  • Brent oil at US$46.76 a barrel

Rio Tinto Limited (ASX: RIO) disappointed investors with its production update today, sending its shares down 2.3%.

BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) dropped 1.9% and 1.5% as well, while South32 Ltd (ASX: S32) lost 4.6%.

The banks were mixed, but Westpac Banking Corp (ASX: WBC) recorded a 0.9% loss, making it the worst of the bunch.

Woolworths Limited (ASX: WOW) was one of the better performing blue chips, lifting 1.1%. CSL Limited (ASX: CSL) also rose 0.7%.

Domino’s Pizza Enterprises Ltd. (ASX: DMP) was one of the top performers. It gained 2.7%. Medibank Private Ltd (ASX: MPL), on the other hand, tanked 3.9%.

Here are Tuesday’s top stories:

  1. 3 (more) ASX shares to profit from Pokémon Go
  2. 4 ways to profit from the Chinese tourism boom
  3. Amaysim Australia Ltd plans to win broadband market share
  4. Up 118%: Is lithium producer Orocobre Limited still a buy?
  5. Brokers upgrade these 3 shares: Which ones should you buy?
  6. Is Rio Tinto Limited set to disappoint shareholders?

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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