End-of-day summary:
The share market pushed back towards all-time highs as a rally in the big banks continued and the odds on a September rate cut in the US rose again.
The ASX 200 jumped 73 points or 0.93% to 7889.6. At its high point today, the index climbed to within eight points of its April all-time high of 7910.5.
The financial sector broke new ground as CBA rallied 1.07% to a new high. Other notable gains included uranium miners, gold producers and Telix Pharmaceutical.
Wall Street laid the groundwork for today's advance after positive signals on rates fuelled another round of record closes. The S&P 500 firmed 1.02% after Federal Reserve Chair Jerome Powell told senators the central bank would base its rates decisions on economic data, not political concerns in the run-up to November's presidential election. The odds on a September cut climbed to 74%.
