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AAP
AAP
Business
Derek Rose

Aussie shares drop ahead of key US jobs report

United States US Federal Reserve Kyle Rodda Jobs Report Interest Rates
Ten of the ASX's 11 sectors finished lower on Friday, with utilities the only gainer. (Steven Saphore/AAP PHOTOS)

The local share market has finished lower for both the day and the week ahead of a monthly US jobs report that could determine whether the Federal Reserve cuts interest rates again.

The benchmark S&P/ASX200 index on Friday dropped 54 points, or 0.64 per cent, to 8,420.9 while the broader All Ordinaries fell 55.2 points, or 0.63 per cent, to 8,689.3.

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