Afternoon trading July 10

Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

Half-time wrap:

The share market reversed yesterday's fall after a record close on the Nasdaq overnight signalled Wall Street was moving swiftly on from this week's US tariff sell-off.

The ASX 200 rallied 70 points or 0.82% by mid-session. The Australian stock benchmark skidded 52 points yesterday as the RBA's unexpected rates hold and softening commodity prices weighed.

Gold miners rebounded this morning with the metal. Also on the rise: REITs, industrials, supermarkets and banks. Drags included utilities, healthcare providers and energy producers.

US stocks marched higher overnight after the Federal Reserve signalled inflationary pressures from tariff hikes had not derailed expectations of two more rate cuts this year. The Nasdaq Composite climbed 0.94% to a new closing high. The broader S&P 500 gained 0.61%.


Personal trading: Slower morning, but still a bit on offer. Caught shallow bounces in CPO, DLI and PFE.