Aust stocks fall at noon

Local market pushes lower in early afternoon trade ahead of US Fed meeting.

The local market opened flat after overseas markets lost ground as investors wait for news from the United States Federal Reserve meeting later in the week.

At 1205 AEST, the S&P/ASX 200 benchmark index was 0.39% lower at 5,026.6 points, while the broader All Ordinaries index also inched down 0.38% to 5,008.6 points.

Materials were mixed with the major miners both creeping slightly higher.

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