The S&P/ASX 200 recovered from a wobble midway through the session to close at a fresh record high - a podcast by ausbiz

from 2021-08-10T07:01:26

:: ::

The S&P/ASX 200 recovered from a wobble midway through the session to close at a fresh record high. Mirroring what was seen on Wall Street, the tech sector led the market higher, adding 1.6%. Another pop in Square shares saw Afterpay lift by 3.4%. Pointsbet Holdings rose nearly 10%, assisted by M&A activity in the US gaming space. Cyclical areas such as industrials and energy were the laggards, the latter hit by steep falls in crude oil prices overnight on continued delta demand fears. The materials sector struggled early on before recovering into the close, helped by a modest rebound in beaten up commodity prices. The local earnings season kicks up a notch tomorrow with the Commonwealth Bank releasing its full-year results before the opening bell. Kochie will sit down with CEO Matt Comyn tomorrow afternoon 3:30pm eastern.


Our top three VODs today:

"Buy" James Hardie: Jun Bei Liu

Luke Laretive: the best of reporting season still to come

Stocks and ETFs to help fix the climate crisis



See acast.com/privacy for privacy and opt-out information.

Further episodes of The COB from ausbiz

Further podcasts by ausbiz

Website of ausbiz