Credit: Shutterstock photoAFTERNOON REPORT
(5.30pm AEDT)
Despite a positive start on the back of gains on European and US markets overnight, the local bourse was sold off today following chatter from two US Federal Reserve Presidents that the stimulus which has been supporting the US economy since the GFC could be wound back this year.
After reaching a high of 5019 points in early trade the All Ords closed down 29.1pts to 4966.4.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
