The ASX 200 closed 10.3 points higher, up 0.12%, as a late-session surge in major banks, led by Commonwealth Bank, offset broader selling in technology, consumer, and gold stocks. Materials stocks, including BHP and Rio Tinto, closed at record highs for a third consecutive session. The market's performance is a mix of sector-specific movements and broader economic data, with a focus on the major indices, currency, and US futures. The Evening Wrap provides a detailed breakdown of these movements, including sector and stock-specific changes, broker responses, and key economic data. It also includes a technical analysis of the Nasdaq Composite and the S&P/ASX 200, highlighting the market's dynamics and potential trends. The article concludes with a summary of the day's best gainers and losers in the ASX 300, as well as a scan of 52-week highs and lows, near highs, and RSI oversold stocks. The market's performance is a reflection of various factors, including economic data, sector-specific movements, and broader market trends, with a focus on the major indices and key economic indicators.
