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