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Day traders' after-market lounge July 29, page-3

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HOLIDAY1

2,691 Posts.

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29/07/24

16:21

Post #: 74966189
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Originally posted by highlandlad: ↑

Thanks afternoon crew.

End-of-day summary:

The share market closed at its highest in more than a week after benign US inflation data bolstered expectations for rate cuts later this year.

The ASX 200 climbed 68 points or 0.86% to 7990. A broad rally lifted all 11 sectors. Rate-sensitive tech and property stocks were among the day's best after a report on Friday showed annual US inflation ticked lower last month. The S&P 500 responded with a rise of 1.11%.

The week ahead is notable for a string of potential risk events, including Australian inflation data, a US rates decision and employment report, and trading updates from several Wall Street heavy hitters, including Apple, Microsoft, Meta and Amazon.

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It's going to be an interesting week.

That's the Game.
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