End-of-day summary:
The share market had its best week in a month despite a reversal this session as inflation data revived doubts about whether interest rates have peaked.
The ASX 200 eased 40 points or 0.56% today to its first loss in seven sessions. Real estate investment trusts, tech stocks and other rate-sensitive sectors declined after a sharp rebound in US treasury yields overnight. Gains in healthcare stocks and utilities helped cushion the fall.
The index bounced 97 points or 1.4% this week as the ebb and flow of bond yields continued to dictate direction. Stocks rose for much of the week as investors added to bets that rates are at or near a peak.
That optimism was dented overnight by data showing US inflation has a long way to fall before it nears the Federal Reserve's target. The S&P 500 dropped 0.62% after the report as treasury yields rebounded.
