Today, the Australian share market saw a broad rally, pushing the S&P/ASX 200 Index up by 0.9%, or 68.2 points, to 7768.5 by midday. All 11 sectors were in the green, with investors eagerly awaiting the Reserve Bank of Australia’s (RBA) cash rate decision at 2.30pm AEST.
Yet another record high led by the mega-cap tech stocks overnight as investors shrugged off a climb in Treasury yields amid ongoing Fed speak around delays to rate cuts and flow of key economic data due later this week.
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