Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.
(Thanks also for the shout-out this morning @sharebroker1. 99.9% of people here are obviously brilliant, but I've picked up an occasional stalker who is convinced I'm part of the Illuminati. His proof is I thumbed up a couple of posts on a stock thread several years ago. Won't do that again now he's onto me.)
Half-time wrap:
Shares fell for a second day after the US Federal Reserve tempered market expectations for multiple rate cuts, and a massive takeover deal for Santos fell through.
The ASX 200 hit a two-week low before tempering its fall to 43 points or 0.48%.
Energy giant Santos plunged 11.63% after a consortium of Middle Eastern investors withdrew a $36 billion takeover offer. The energy sector dived 5.5% as rival Woodside Energy dropped 6.06%.
Tech was the only sector to post a significant advance, rising 0.43% thanks mainly to a 16.35% gain in morning market leader Nuix. Small caps outperformed the wider market, with the Small Ords firming 0.56%.
A dip in employment kept the door to further rate cuts open. Employment declined by 5,400 jobs last month, according to the ABS, leaving the jobless rate unchanged at 4.2%.
US stocks swung wildly overnight before closing mixed after the Federal Reserve cut rates, as expected, but disappointed investors looking for multiple rate cuts next year. The S&P 500 eased 0.1%.
Personal trading: Nice morning with EVR and SRL offering appealing entry points in early trade and PYC coming good from yesterday. Also scalped EGR.
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Afternoon trading September 18
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