End-of-day summary:
The share market's run of four weekly advances ended as a revival of all-too-familiar US interest rate worries weighed on global markets.
The ASX 200 dropped 84 points or 1.08% this afternoon to its fourth straight loss. The decline sealed a weekly loss for the domestic benchmark of 87 points or 1.1%.
There was no repeat this session of the dip-buying that yesterday helped the index claw back half of its initial losses. The index closed today within 11 points of its intraday low.
A broad sell-off lowered all 11 sectors. Consumer stocks, REITs and tech companies led the way south as Australian bond yields chased their US counterparts higher after US economic data furthered the argument for higher-for-longer interest rates. The Dow slumped 1.53%.
