The Australian sharemarket has slipped into the red by lunchtime after Wall Street lost ground overnight as influential technology stocks fell.

The S&P/ASX 200 was down 11 points, or 0.1 per cent, to 8817.3 in early afternoon trade, with six of 11 industry sectors in positive territory, led by energy stocks. Tech shares are the biggest weight on the local bourse.

Corporate earnings and forecasts have been the big focus all week. Credit: AP

Financial stocks are weaker, with the big four banks mixed. National Australia Bank jumped 1.9 per cent, to regain some of Thursday’s heavy losses after releasing its results , Commonwealth Bank lost 1 per cent, Westpac lost 0.5 per cent and ANZ Bank was flat. Macquarie tumbled 7 per cent after unveiling a $1.7 billion profit , which was below

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