Australian shares are back in the red after three days of minor rises. -AAP Image
Australian shares have broken their three-day winning streak after gloomy investor sentiment returned to Wall Street overnight.
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As markets closed, the S&P/ASX200 edged 32.6 points lower, or 0.41 per cent, to 7827.8 points, while the broader All Ordinaries was down 35.2 points, or 0.44 per cent, to 8054.7.
Only health care stocks were on track to finish higher, gaining 0.6 per cent as the 10 other sectors bled lower.
Utilities led the losses, down 1.5 per cent, followed by real estate, which slipped 1.2 per cent, and IT stocks, which lost 0.9 per cent.
Investors will look to the US Federal Open Market Committee meeting overnight - where an interest rate hold is all but certain - with a laser focus on how hawkish the central bank is on the US economic outlook.
The Australian dollar lost ground against the greenback, buying 63.56 US cents, down from 63.73 US cents on Tuesday at 5pm.
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