Day traders' after-market lounge November 27

Thanks afternoon crew.

End-of-day summary:

The share market closed at a two-week low as rising bond yields and falling US equity futures unsettled investors ahead of inflation reports here and in the US later this week.

The ASX 200 faded to a loss of 53 points or 0.76%. The Australian benchmark closed below 7000 for the first time in a fortnight, ending the session at 6988.

Tech was the only sector to resist the downtrend, gaining 0.45% as Weebit Nano, Technology One and Iress advanced. REITs and consumer discretionary and materials stocks were the biggest drags.

US equity futures sagged as treasury yields rallied ahead of Thursday's inflation report. S&P 500 futures declined 0.28%. The Australian October consumer inflation report drops on Wednesday.