The S&P/ASX200 closed down on Wednesday, dropping 79 points or 1.1% and setting a new 50-day low. - a podcast by ausbiz

The S&P/ASX200 closed down on Wednesday, dropping 79 points or 1.1% and setting a new 50-day low. The bottom performing stocks were Pinnacle Investment (PNI), shedding 9%, while Tyro Payments (TYR) and Chalice Mining (CHN), gave away 6% each. Heavy falls across the IT, health care and energy sectors followed in the wake of Wall Street losses as rising bond yields and another US debt ceiling impasse exacerbated the selling in tech stocks on the NASDAQ. Subsequently it was a gold miners day at home, Regis resources (RRL) and St Barbara (SBM) the top beneficiaries, up 6.2% and 5.9% respectively. The local index has lost 1.4% over the last five days, but remains 9.25% ahead on this time last year. Next up is Thursday - or as we say in Old English “Þūnresdæg” - so named for the marvel comics character played by that guy up in Byron. 

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