Local shares retreated Friday morning on the back of a weak lead from Wall Street and other global markets overnight.
US Stocks Close Lower as Consumer Staple... US stocks fell on Thursday as weaker-than-expected quarterly revenues and forecasts from Kellogg and Colgate-Palmolive weighed, pulling down other consumer-staples companies including Kraft Foods and Procter & Gamble.
The Dow Jones Industrial Average declined 30.72 points (0.29%) to 10,467.
The Nasdaq Composite dropped 12.87 (0.57%) to 2,252.
Market finishes slightly lower Australian stocks lost ground for the first time in five sessions Thursday after Wall Street provided a weak lead on the back of a fall in orders for big-ticket items in the US.