Afternoon trading July 16

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

Half-time wrap:

At the halfway mark the share market was at risk of its largest fall in at least two months after a bump in US inflation unsettled Wall Street overnight.

The ASX 200 dropped 73 points or 0.85% by mid-session. The Australian stock benchmark has not lost more than 52 points in a single session since an 80-point slide on May 5.

US stocks finished mixed but mostly lower overnight after a jump in consumer prices last month dented hopes for multiple additional rate cuts this year. The S&P 500 shed 0.4% as treasury yields rallied and the greenback rose.

This morning's sell-down was wide enough to lower all sectors except tech. Miners, banks, healthcare providers and rate-sensitive utilities led the retreat. The tech sector edged up 0.24% after the Nasdaq resisted last night's US slump.


Personal trading: Being stubborn about entry levels has paid off lately, but not this morning. Of the two dozen or so buy orders I set, just one got a nibble: KNB.