Half-time wrap:
The share market reversed much of its losses for the week after a burst of AI enthusiasm on Wall Street helped distract investors from doubts about the timing of rate cuts.
The ASX 200 bounced 64 points or 0.86% towards its first gain in six sessions. This morning's rebound shaved the index's deficit for the week to nearer 1.25%.
The tech sector outperformed, mirroring the Nasdaq's leadership role in the US overnight where AI-linked stocks rallied and Apple was boosted by a broker upgrade. Xero, Weebit Nano and Wisetech paced ASX tech gains this morning.
Nineteen of the twenty market heavyweights of the ASX 20 advanced. Aristocrat Leisure, Fortescue Metals and CSL topped the leadership board, all adding at least 1.6%. Gold miner Newcrest was the only laggard, easing 0.38%.
Personal trading: Not much in the bargain bins this morning. Wanted PCL at 1.9c, didn't get. Scraped a meagre profit from LM8. Caught BMG on retrace - end-of-week profit-taking?
