The Australian stock market opened lower today, after poor signals on the US jobs market sent Wall Street slightly lower overnight.
The Australian sharemarket closed lower on Tuesday led by financial stocks as investors were nervous ahead of earnings reports by US banks. At the close, the benchmark S&P/ASX200 index lost 49.9 points, or 1 per cent at 4861.2, while the broader All Ordinaries index fell 46.5 points, or 1 per cent, at 4889.6.
Wall Street closed mixed overnight as investors took profits after a massive gain in previous session. US shares mostly fell earlier in the day, but rebounded towards the close. Analysts said that market sentiment remained bullish.