Here’s what happened to the ASX 200 today

Credit: Lucas Walters

A rebound looked to be on the cards today as the market recovered its early losses. As the ASX 200 came close to hitting positive territory for the day but ultimately fell short with investors fretting about a potential interest rate hike in the United States.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5356 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5420 points
  • AUD/USD at US 72.78 cents
  • Iron Ore at US$55.78 a tonne, according to the Metal Bulletin
  • Gold at US$1,273.60 an ounce
  • Brent oil at US$49.36 a barrel

Most of the banks ended the day lower, with the exception of Australia and New Zealand Banking Group (ASX: ANZ).

ANZ’s shares rose 0.8% but the other majors recorded losses, with National Australia Bank Ltd.’s (ASX: NAB) 2.2% decline being the worst of the lot.

Telstra Corporation Ltd (ASX: TLS) also closed 1% lower, while Woolworths Limited (ASX: WOW) shares fell 1.6%.

BHP Billiton Limited (ASX: BHP), on the other hand, continued its ascent. Its shares rose 1.2%, while fellow iron ore miner Rio Tinto Limited (ASX: RIO) lost 0.1%.

Blackmores Limited (ASX: BKL) was one of the worst for the day, falling 5.1%. Graincorp Ltd (ASX: GNC), on the other hand, soared 7.5%.

Here are Wednesday’s top stories:

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The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Apple and has the following options: long January 2018 $90 calls on Apple and short January 2018 $95 calls on Apple. 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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