ASX closes slightly lower after Wall Street fell following Senate blocking larger stimulus package

Australia’s stock market has closed lower a day after investors looked to Washington for signs that an enhanced stimulus package would pass a Senate vote.

The All Ordinaries and the ASX200 both dropped 0.3 per cent by the close to 6,942 points and 6,682 points, respectively.

The big four banks followed suit with ANZ down 0.4 per cent, Commonwealth Bank down 0.5 per cent, NAB 0.4 per cent and Westpac flat.

The Australian dollar was up to 76.11 US cents.

Crude oil gained ground (+0.5pc to $US51.13 a barrel), but iron ore dropped 0.5 per cent to $US163.02 a tonne.

At the…