Local shares fell heavily today, dragged down by the big four banks following a worrying update from Westpac Banking Corp (ASX: WBC).

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.6% to 5508 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5% to 5599 points
  • AUD/USD at US 76.95 cents
  • Iron Ore at US$60.58 a tonne, according to the Metal Bulletin
  • Gold at US$1,341.94 an ounce
  • Brent oil at US$43.82 a barrel

Westpac was the worst of the banks, its shares falling 2.6%.

Commonwealth Bank of Australia (ASX: CBA) also lost 1.9%, while National Australia Bank Ltd. (ASX: NAB) and Australia and New Zealand Banking Group (ASX: ANZ) dropped 1% each.

They were the biggest drag on the market, but BHP Billiton Limited (ASX: BHP) also fell 0.9%. Meanwhile, Telstra Corporation Ltd (ASX: TLS) closed 1.6% lower as well.

St Barbara Ltd (ASX: SBM) and EVOLUTION FPO (ASX: EVN) were among the worst on the market today, losing 6.2% and 4.6%.

JB Hi-Fi Limited (ASX: JBH), on the other hand, rose 2.1%. Automotive Holdings Group Ltd (ASX: AHG) also gained 7% while Mesoblast limited (ASX: MSB) jumped 14.2%.

Nick Scali Limited (ASX: NCK) shares rallied 15%, as well, following its earnings results this morning.

Here are Thursday’s top stories:

  1. Telstra Corporation Ltd reports 36% jump in profit: Is it a bargain?
  2. Why has the Automotive Holdings Group Ltd share price suddenly soared?
  3. Nick Scali Limited shares surge on bumper profit result: Is is still a buy?
  4. JB Hi-Fi Limited shares soar on ‘The Good Guys’ approval
  5. These are the 10 most popular shares among investors
  6. Here are 3 ASX shares brokers think you should buy
  7. 1300 Smiles Limited reports: Is it still an opportunity for investors?

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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.