The S&P/ASX 200 fell 9.20 points or 0.12% to 7,370.10 in Tuesday's trading, regaining a 0.3% gain in the previous session after a negative Wall Street session led by traders Investors remained cautious ahead of the key Federal Reserve Meeting later in the week, while major supermarket stocks fell after a disappointing trading update from Woolworths.
ASX 200 futures are up 0.39%.
Among stocks, Woolworths Ltd (ASX: WOW) fell 9.42% and Coles Group Ltd (ASX: COL) fell 4.09% after a disappointing trading update from Woolworths revealed the impact of COVID-19 into revenue.
BNPL shares fell, with Zip Co Ltd (ASX:Z1P) down 1.22%, while Afterpay Touch Group Ltd (ASX:APT) fell 3.87% after shareholders voted definitively to approve the buyback by Block Inc (NYSE: SQ). However, Ioupay Ltd (ASX: IOU) added 1.52%
The real estate sector extended gains, with Mirvac Group (ASX: MGR) up 0.68%, Charter Hall Group (ASX: CHC) up 5.28%, Goodman Group (ASX: GMG) up 1 .76 percent and Stockland Corporation Ltd (ASX: SGP) up 1.59%.
Technology shares also edged higher amid falling long-term bond yields, with Appen Ltd (ASX:APX) up 0.39%, Xero Ltd (ASX:XRO) up 1.47%, Wisetech Global Ltd ( ASX: WTC) up 2.54% and Technology One Ltd (ASX: TNE) up 0.63%
Meanwhile, Mesoblast Ltd (ASX: MSB) plummeted 15.88% after it was reported that Novartis had terminated its agreement with Mesoblast prior to its closure.
