Market Wrap / Friday funk

The local market fell back into the red during Friday’s session, capping off an inconsistent week. The S&P/ASX 200 closed lower by 0.64% to 8420.90 points.

10 of 11 sectors were sold off, while the utilities sector was the best performer, rising 0.1%.

Energy stocks in particular came under pressure, as oil prices fell. Woodside lost 2.2% while Santos was down 1.2%.

Iluka Resources dropped significantly, closing lower by 10% despite receiving a $400 million boost from the Federal government. 

Heading the other was APA Group, after the energy regulator confirmed it will not subject its South West Queensland pipeline to full price regulation. 

Domino’s Pizza fell 2.3% on a broker downgrade and Aristocrat Leisure slumped 3% as its CEO resigned.

Tonight in the US, the key November non-farm payrolls data is released. Next week the RBA takes centre stage locally as it hands down its December rate decision.