Aust stocks open flat

Local market struggles for direction following modest falls on Wall Street.

The Australian sharemarket opened almost entirely flat after Wall Street fell with a sell-off in technology companies outweighing encouraging economic news.

At the 10.15am (AEDT) official market open, the benchmark S&P/ASX200 index inched 0.1 of a point higher, to be completely flat by percentage at 5,350.2, while the broader All Ordinaries index fell 0.4 of a point, or 0.01%, to 5,359.3 points.

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