Thanks afternoon crew. End-of-day summary: The share market...

Thanks afternoon crew.

End-of-day summary:

The share market pared rebound gains after the Reserve Bank once again pushed back against market expectations that interest rates could fall this year.

The ASX 200 closed 32 points or 0.4% ahead after earlier gaining as much as 41 points. Declines in energy producers, utilities, consumer stocks and healthcare providers took some of the shine off gains across the wider market. Tech and property stocks fared best.

The rally peaked before RBA Governor Michele Bullock used a speech at a fund-raising lunch to manage down market pricing on rate cuts before year-end.

"The Board’s message following its meeting only a few weeks ago was that it is premature to be thinking about rate cuts. Circumstances may change, of course, and if economic conditions don’t evolve as expected, the Board will respond accordingly. But if the economy evolves broadly as anticipated, the Board does not expect that it will be in a position to cut rates in the near term," Bullock said.

Today's tentative recovery from yesterday's 153-point shellacking followed a mixed night on Wall Street. The Dow edged up 0.09%. The S&P 500 eased 0.16%.