Afternoon trading June 5

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

Half-time wrap:

The share market briefly surpassed its all-time best close before fading as traders booked profits in some of this year's strongest performers.

The ASX 200 reached mid-session eight points or 0.1% in the red at 8533. Earlier, the Australian stock benchmark climbed 11 points past its February record close of 8556 before stalling.

Mining, tech and property stocks advanced, offsetting declines in banks, industrials, energy producers and healthcare providers. Insurer QBE declined 1.75% from record levels. The index's biggest company by market value, CBA, hit a new high before fading 0.5%. Xero also touched fresh heights before resetting to neutral.

US stocks closed mixed overnight as soft economic data boosted the likelihood of additional rate cuts this year, sending bond yields and the greenback lower. The S&P 500 finished near flat. The Dow eased 0.22%, while the Nasdaq gained 0.32%.


Personal trading: Bought the early weakness in TYR for a decent bounce. Half a pip from A1G. Traded intraday swings in WOR and PXA off fairly obvious support.