Market Close 12 Sep 24: Best day in 4 weeks

The Aussie market had a strong day with all sectors posting gains, pushing the ASX 200 close to its best day in four weeks. This upward trend followed a mixed U.S. inflation report that eased recession fears, boosting global markets. Tech stocks, led by WiseTech, reached record highs, while energy stocks rebounded slightly due to rising oil prices. Financials and materials saw mixed results, with BHP dropping post ex-dividend trading. Meanwhile, lithium and uranium miners experienced notable gains due to supply concerns and strategic shifts, setting the stage for further market activity influenced by upcoming global economic data and decisions. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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