The S&P/ASX200 slipped 6.4 points lower on Thursday, down 0.07 per cent to 8,927.5, as the broader All Ordinaries lost 13.7 points, or 0.15 per cent, to 9,236.9. Fears of higher interest rates continued to weigh on the bourse after Wednesday's inflation surprise, dragging most rate-sensitive sectors into the red, while US threats of military intervention in Iran further dampened investor sentiment. "The overarching concern here is the outlook for interest rates and the potential for the Reserve Bank to lift rates next week," Moomoo market strategist Michael McCarthy told AAP. Only basic materials, energy stocks and consumer staples stocks ended the session clearly higher. Consumer discretionary stocks were also under pressure, slipping 0.8 per cent as investors repriced for likely higher incoming borrowing costs.