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Day traders' after-market lounge August 22, page-17

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22/08/24

20:19

Post #: 75332163
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Originally posted by highlandlad ↑

Thanks afternoon crew.

End-of-day summary:

The share market added to its longest winning run since 2015 as the domestic earnings season rolled on and US investors bet on a September rate cut.

The ASX 200 rallied 16.5 points or 0.21% to a 10th straight advance. Tech and industrial companies led a rally that lifted eight of eleven sectors. Standout performers included WiseTech, Super Retail Group and Growthpoint Properties.

Today's advance came after Wall Street rose for the ninth time in ten sessions. The S&P 500 firmed 0.42% as soft jobs data and dovish signals from the Federal Reserve bolstered expectations that official rates will fall next month.

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