Afternoon trading July 10

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market unwound some of yesterday's gains as overnight weakness in commodity prices weighed on the mining sector.

The ASX 200 eased 27 points or 0.35% despite broadly positive leads from Wall Street. The S&P 500 and Nasdaq both edged to new closing highs after the head of the US central bank signalled the case for interest rate cuts was strengthening.

Here, the materials sector dropped almost 1% following declines in iron ore and base metals. Heavyweight drags included BHP, Fortescue and James Hardie. At the other end, Star Entertainment, Megaport and JB Hi-Fi were the index's strongest performers, gaining between 2.55% and 2.76%.


Personal trading: Been rummaging through the bargain bins. So far it looks like one man's trash is another man's... trash. God damn it...