Aussie market slips as retailers struggle
The Australian share market experienced downward pressure, continuing a recent pattern of alternating daily gains and losses. Retailers suffered significant declines, with Nick Scali tumbling after issuing a profit warning due to cautious consumer spending, while Fortescue and Woodside also fell. Major banks and data centre operator NextDC provided some positive offset, with NextDC rebounding after a previous 40 per cent plunge. This market update is sponsored by CommSec.
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