Thanks @shovel40, @Fiji1 and morning crew. Half-time wrap: The...

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market pulled back from all-time highs following a tech rout on Wall Street and unexpectedly strong domestic jobs growth.

The ASX 200 dropped 11 points or 0.14% by mid-session.

The technology sector skidded nearly 3% after the threat of broader tariffs on microchips triggered the Nasdaq's biggest tumble since December 2022. WiseTech, NextDC and Life360 were among the biggest drags.

Smaller declines in REITs, miners and telcos added to the down-pressure. Utilities, supermarkets and gold miners attracted some haven in-flows.

The market briefly added to its loss following mid-morning news that the economy created more than twice as many jobs last month as economists expected, sharpening the risk of more rate hikes. Total employment grew by 50,200. Economists had predicted growth of less than 20,000. An increase in participation pushed the unemployment rate up to 4.1% from 4% in May.

Bjorn Jarvis, ABS head of labour statistics said: "With employment rising by around 50,000 people and the number of unemployed growing by 10,000 people, the unemployment rate rose slightly to 4.1 per cent, and the participation rate rose to 66.9 per cent.”


Personal trading: Took DGR on retrace and THB at the CR price.