US stocks fell on Monday night and the ASX followed that lead in Tuesday trade.

Then Wall Street bounced back, but local stocks still have the blues as the ASX 200 finished with a 0.58% fall on Wednesday.

The big end of town was dragged lower by banking stocks, as the ASX Financials index fell by 0.88%.

Stocks in the Energy sector — this month’s best performer — held their ground, while the major miners struggled for traction.

Futures markets for US stocks have opened and the S&P500 is pointing lower in Asian trade, as global bond yields continue to edge higher.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
YAL Yancoal Aust Ltd 4.00 9.0% 620,751 $4,846,012,734
WHC Whitehaven Coal 3.59 4.1% 18,064,788 $3,562,622,600
VUK Virgin Money Uk PLC 3.77 3.9% 4,640,458 $3,205,340,188
OCL Objective Corp 17.8 3.5% 46,066 $1,623,038,905
NHC New Hope Corporation 2.56 3.6% 7,313,139 $2,055,921,993
MGH Maas Group Holdings 5.38 6.3% 106,478 $1,407,138,148
MCY Mercury NZ Limited 6.25 3.1% 11,325 $8,255,543,654
LTR Liontown Resources 1.365 3.0% 6,159,269 $2,532,311,356
JHG Janus Henderson 58.08 3.2% 157,318 $1,666,278,567
HTA Hutchison 0.11 4.8% 168,382 $1,425,113,401
ERA Energy Resources 0.375 5.6% 636,139 $1,310,441,035
DEG De Grey Mining 1.11 4.7% 14,593,215 $1,369,962,085
CTT Cettire 3.24 3.5% 694,543 $1,193,275,629
CEN Contact Energy Ltd 8.10 3.2% 3,811 $1,926,237,459
ASM Ausstratmaterials 10.54 6.6% 820,666 $1,379,714,399
29M 29Metalslimited 2.41 4.8% 543,874 $1,105,046,500
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$4.8bn coal producer Yancoal Ltd (ASX:YAL) is up more than 65% since September 20, and the stock rose strongly again today on no news. (Addendum: Thermal coal rose HOW MUCH overnight?).

Whitehaven Coal (ASX:WHC) was also on today’s winner’s list, as was oil & gas major Santos (ASX:STO) after its joint venture partner, Tamboran (ASX:TBN) provided a drilling update for its gas exploration project in the Beetaloo shale sub-basin in the Northern Territory.

Among stocks with news, construction materials company Maas Holdings (ASX:MGH) rose after confirming that it raised $15.23m from its recent share purchase plan, with most of the funding provided by sophisticated investors who acquired stock under a binding shortfall agreement.

And a day after leading big tech stocks lower with a fall of more than 5%, BNPL leader Afterpay (ASX:APT) rallied back with a 3% gain today.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
A2M The A2 Milk Company 6.02 -7.7% 11,135,273 $4,848,353,018
FLT Flight Centre Travel 22.81 -6.6% 4,701,450 $4,874,452,916
WEB Webjet Limited 6.21 -6.2% 6,242,039 $2,518,975,002
PNV Polynovo Limited 1.65 -6.0% 6,247,800 $1,160,736,017
KGN Kogan.Com Ltd 9.32 -5.7% 1,632,826 $1,056,055,505
SOL Soul Pattinson (W.H) 36.16 -5.3% 1,482,475 $13,785,084,714
VUL Vulcan Energy 10.9 -5.2% 1,855,851 $1,421,471,059
NVX Novonix Limited 4.92 -5.2% 6,159,930 $2,504,506,963
PDN Paladin Energy Ltd 0.705 -4.7% 23,013,200 $1,981,768,805
FCL Fineos Corp Hold PLC 4.03 -4.5% 316,035 $1,341,802,413
EVT Event Hospitality 15.08 -4.3% 160,203 $2,538,829,456
MFG Magellan Fin Grp Ltd 32.52 -4.1% 1,827,264 $6,278,317,849
ARF Arena REIT. 4.13 -3.7% 1,436,827 $1,480,168,104
HUB HUB24 Ltd 24.75 -3.7% 590,893 $1,762,966,462
NWL Netwealth Group 13.44 -3.7% 531,217 $3,401,047,079
ORE Orocobre Limited 7.97 -3.6% 3,708,817 $5,272,336,596
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Large cap falls were led by the A2 Milk Company (ASX:A2M), which announced this morning it’s the defendant in a class action lawsuit brought by law firm Slater & Gordon in the Supreme Court of Victoria.

In response, A2M said it considers “that it has at all times complied with its disclosure obligations, denies any liability and will vigorously defend the proceedings”.

Volatility was the order of the day for travel stocks (which incidentally have been climbing strongly in recent weeks), as both Flight Centre (ASX:FLT) and WebJet (ASX:WEB) sold off by more than 5%.