Local shares lost momentum in late trade, ending the session inside negative territory following a poor showing among the energy and mining sectors.
The Australian share market looks set to open higher after Wall Street takes the green route, with the Dow looking set to close above 26,000 for the first time.
Australian shares have ended a grim session for the miners in negative territory, with the big banks, telcos and some energy producers adding to the losses.
Australian shares look set to open sharply lower after the Dow first breached 26,000 points for the first time then fell into the red on falling oil prices.
The Australian share market has closed a wayward session in negative territory as the banks, energy and mining sectors fell away heavily in late trade.
The Australian dollar has extended its lift against a weakened US dollar, but with little on the agenda for Tuesday it is unlikely to do much during today.
Australian shares have ended the session flat, surrendering morning gains with only mining and energy stocks keeping the bourse above negative territory.
The share market has lost ground for a second consecutive session, while the Australian dollar has been boosted by better than expected retail sales.
The Australian dollar has recouped some of its previous session's losses as the US dollar falls in response to reports that China will move on bond purchases.