Australia’s share market has closed lower after Wall Street finished down on economic stimulus concerns, while the dollar crept above 71 US cents.

The S&P/ASX200 benchmark index was lower by 18 points, or 0.29 per cent, to 6173.8 on Thursday.

The All Ordinaries was down by 19.4 points, or 0.3 per cent, to 6383.7.

The banks finished lower while materials and health closed higher.

The Aussie dollar rose above 71 US cents early in the day. It was buying 70.96 US cents at 1619 AEDT, higher from 70.74 US cents at the close of trade on Wednesday.