closing bell
Closing Bell 15th July: Aussie Broad Band lower after earnings warning. XJO crosses 8000 onto record highs
The Australian sharemarket climbed above 8000 for the first time amid a broad rally, buoyed by speculation of a potential US Federal Reserve rate cut. The S&P/ASX 200 Index rose 0.6%, or 45.8 points, to 8005.1 with all 11 sectors in positive territory. This follows a strong lead from Wall Street, where the S&P 500 hit a new record high and the Dow Jones surpassed 40,000, driven by increased rate cut bets.
Jonathan Tacadena
July 15, 2024
