closing bell
Closing Bell 2nd September: Downer Group continues rally. XJO flat to start week
In the week’s first session, the Australian sharemarket is trading flat as major banks and miners counterbalance each other, keeping the S&P/ASX 200 largely unchanged at 8092 points. The late rally in the S&P 500 on Friday, driven by resilient U.S. consumer data suggesting a slower pace of rate cuts, has lifted major Australian banks. Commonwealth Bank, NAB, ANZ, and Westpac are all up around 1%.
Jonathan Tacadena
September 2, 2024
