Thanks afternoon crew.
End-of-day summary:
Record highs on Wall Street, positive signs for US inflation and a dip in unemployment helped the share market break a two-session losing run.
The ASX 200 rallied 34 points or 0.44% to 7749.7.
Tech stocks, healthcare providers and REITs offered the day's best returns as bond yields backed off recent highs in the wake of supportive US inflation data overnight. Those gains helped offset a 12-week low for the materials sector as falling commodity prices weighed on BHP and Rio Tinto.
The day's big economic release showed unemployment eased to 4% last month from 4.1% in April, as expected. The data was close enough to economists' forecasts to have only marginal effect on today's share market action.
The S&P 500 and Nasdaq Composite scaled new heights overnight as a dip in year-on-year consumer price growth encouraged investors to look past evidence that the Federal Reserve could cut rates just once this year. The S&P 500 put on 0.85%.
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