Business
ASX 200 passes 7,200 points for first time, Wall Street rises despite stronger inflation reading – ABC News
The ASX 200 passes 7,200 points for the first time, before edging lower. Shares in software company Nuix dive on a revenue downgrade.
The Australian share market has dipped into the red after the benchmark index passed 7,200 points for the first time in morning trade.
Key points:
- The ASX 200 and the All Ordinaries posted record closes on Friday
- Software provider Nuix is the worst performing stock in early trade
- In the US, Wall Street made modest gains on Friday
By 12:30pm AEST, the ASX 200 index was 0.1 per cent lower at 7,169 points, after earlier touching new intraday highs.
The major bank stocks reversed course and were trading…
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