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Australian stocks pull back ending last April day of trading lower – NEWS.com.au
Australian stocks pull back ending last April day of trading lower
Australian stocks pulled back from the prospect of a 14-month high on the last trading of April, with energy shares weighing down the markets performance. Despite gains on Wall Street and new record highs for the S&P 500 and Nasdaq following surges in US tech giants Apple and Facebook after their results, the Australian market was unable follow the trend, snapping a two-day winning streak set on Thursday.
The benchmark S&P/ASX 200 index dropped 56.5 points, or 0.8 per cent, to 7025.8, while the…
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