Day traders' after-market lounge October 12

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    Thanks afternoon crew.

    End-of-day summary:

    The share market inched to a sixth straight gain after hopes that interest rates have peaked helped Wall Street continue its win streak overnight.


    The ASX 200 finished three points or 0.04% ahead at 7091, its highest close in three weeks. Gold miners, banks and property stocks led today's advance, supported by miners, tech stocks and utilities.

    The rally would have been stronger, if not for heavy selling in the index's third largest company by market weighting. CSL plunged 6.3% amid speculation that the weight-loss drug, Ozempic, might help treat kidney disease. CSL has exposure to kidney treatment through its recent acquisition of Vifor.

    US stocks rose for a fourth session after the Federal Reserve indicated it would be cautious about any additional rate hikes. The S&P 500 firmed 0.43%.
 
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