Laura Bessarati

to a total of 4.9 million globally.

And it also flagged more growth ahead with a strong focus on deepening its business here in Australia and over in the UK, while it's also focusing on accelerating its business in the United States.

So while there were some very strong elements to its report,

The kicker was its profits, which actually fell by 27%.

Now, this is as the company continued spending heavily on US expansion and also due to the associated costs of taking over New York-based accounting platform Melio Payments.

So it shares down on the back of that today.

I mentioned that the materials sector isn't really going anywhere.

It's down by around a tenth of 1%, but that doesn't mean there haven't been some standouts within the sector.

So we've been talking about it over the past couple of days, and today the trend has continued.

We've seen BHP and Rio Tinto both hitting fresh record highs.

This is on the back of resilient copper prices, which have been continuing to hit fresh record highs, and also resilient iron ore prices as well.

So that's been driving the miners.

Yeah, because they're also under the watchful eye of the consumer watchdog.

So they could be next.

in the firing line.

So that's one thing to be on the lookout for.

Now, I mentioned tech stocks, of course, have been under pressure, but it certainly could have been worse if it wasn't for one stock in particular, which is Megaport.

It's been the outperformer on the broader market today, one of them at least.

And its shares are up 28%.

This is after announcing a major new AI-related infrastructure contract through its Latitude business.