Day traders' after-market lounge March 26

Thanks afternoon crew.

End-of-day summary:

The share market retreated from a two-week high as a reversal in iron ore compounded weak leads from Wall Street.

The ASX 200 turned lower in afternoon trade as the heavily-weighted mining trio of BHP, Rio Tinto and Fortescue Metals swung from positive to negative territory. The reversal followed a 2.3% slide in iron ore prices in China this afternoon. Fortescue Metals shed 1.18%, BHP 0.59% and Rio Tinto 0.17%.

The shift in sentiment dragged the index from near break-even at lunchtime to a loss of 32 points or 0.41%. The ASX 200 came within nine points of a record yesterday before paring its advance.

US stocks declined overnight following the best week of the year for two of the three major benchmarks. The S&P 500 gave up 0.31%.