End-of-day summary:
The share market fell to its lowest level of the month as falling iron ore prices and interest rate worries gave sellers the upper hand.
The ASX 200 dropped 40 points or 0.51%. Today's decline extended the benchmark's two-day loss beyond 140 points.
Yesterday's negative momentum continued as Chinese ore prices declined another 0.7% this afternoon following Tuesday's 4.16% slump, and as investors reduced risk ahead of US inflation data and a rates decision tonight. Besides ore miners, other drags included nickel and uranium producers, Wesfarmers and CSL.
A new high for Apple's stock helped power the Nasdaq and S&P 500 to records overnight. Declines in financials kept the Dow in negative territory.
