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Australia shares snap 3-day winning streak ahead of Fed verdict


Energy stocks drubbed by lower oil prices
Tech sector tracks Nasdaq to buck downward trend (Updates to close)
March 17 (Reuters) - Australian shares snapped three consecutive sessions of gains to end lower on Wednesday, as the benchmark tracked an overnight slump in Wall Street, with traders awaiting cues on interest rates from the U.S. Federal Reserve’s two-day policy meet.
The S&P/ASX 200 index fell 0.5% to finish at 6,795.20. The benchmark ended 0.8% higher on Tuesday.
Fed policymakers are likely to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades, and reiterate their pledge to remain accommodative for the foreseeable future. ....

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