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Big banks tank 💰

Season 3, Ep. 134

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. 


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