Marcus Today End of Day Report -Tuesday 17th August

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ASX 200 slides 72 points to 7511 (0.9%) as results drop thick and fast. Seems some disappointment emerging on outlook statements and cost pressures perhaps. The Big Bank Basket fell hard today as CBA went Ex-Dividend, the basket dropped to $180.32. Other financials also on the nose as MFG collapsed 10.2% on a lack of performance fees. Miners were also on the nose as BHP fell 1.4% ahead of its results after hours and more news on the potential WPL deal with the energy company dropping 2.1%.  Healthcare better with CSL up  0.2% in a late flurry with the rest of the sector looking ok. Tech stocks weakened and high valuation stocks flew too close to the sun, and we saw some wax melting in the likes of AXE, crashing 21.7% and lithium stocks a little depressed. In corporate news, BRG boiled over falling 9.0%, LYC hit by Malaysian concerns, down 7.6% and GWA saw some downgrades falling 8.00%.