Big banks tank 💰
The banks and the big miners weighed on overall performance, though it was a decent day with the local market finishing up 0.13% at 7,029. The S&P/ASX200 has been trading in a tight range, still, it was good to watch it touch a two-month high ahead of Wednesday's US inflation report and after a 'mixed and moody' session on Wall Street. Domain topped the list of leaders, despite a downgrade to neutral from buy by Citi. Perhaps it was something in REA Group's report which sent its share price 7% higher. Megaport, Charter Hall Long Wale REIT and Reckon also reported today, with Megaport climbing 9.5% and helping to lift the technology sector. Commonwealth Bank had a terrible session ahead of its full year result due tomorrow, while NAB's quarterly update raised red flags with rising costs. Catch all our reporting season coverage here.
Our top three VODs:
Hosted on Acast. See acast.com/privacy for more information.