Local shares traded uninterrupted today, much to the delight of day traders after Monday’s market mishap. Investors employed a cautious approach to today’s session in the lead-up to monetary policy reviews by the Federal Reserve in the United States as well as the Bank of Japan.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.1% to 5298 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.1% to 5397 points
  • AUD/USD at US 75.42 cents
  • Iron Ore at US$55.68 a tonne, according to the Metal Bulletin
  • Gold at US$1,316.05 an ounce
  • Brent oil at US$45.77 a barrel

TPG Telecom Ltd (ASX: TPM) was the big news story for the day. Its shares crashed 21.6% following an earnings report showing slowing growth.

TPG’s fellow telco businesses also felt the heat. Telstra Corporation Ltd (ASX: TLS) shed 1.5% while Vocus Communications Limited (ASX: VOC) dropped 3.6%.

Blackmores Limited (ASX: BKL) fell another 4.4% today, following yesterday’s heavy fall, with Slater & Gordon Limited (ASX: SGH) down 2.5% as well.

Online travel agency business Webjet Limited (ASX: WEB) was one of the market’s shining lights, rising 3.6%. BHP Billiton Limited (ASX: BHP) gained 2.3%, with Rio Tinto Limited (ASX: RIO) up 1.6%.

Here are Tuesday’s top stories:

  1. Crash: Why the TPG Telecom Ltd share price is cratering today
  2. 3 essential investing lessons I’ve learned this year
  3. Should you buy shares of Blackmores Limited today?
  4. 3 growing tech shares that could make you rich
  5. Sydney Airport Holdings Ltd shareholders could profit from the tourism boom
  6. TPG Telecom Ltd shareholders: Look away now

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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.