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ASX 200 retreats from record; CBA flat; Myer down; PwC evidence questioned

PwC tax scandal evidence called into question. Myer cuts dividend on profit slide. Harvey Norman to defend 'junk' warranties class actions. Macquarie's big US regulatory settlement. 

Belated big gains on Wall Street have followed the US Fed Reserve's shift to easing with a 50 basis point rate cut. Picture: Sergio Dionisio/Bloomberg
Belated big gains on Wall Street have followed the US Fed Reserve's shift to easing with a 50 basis point rate cut. Picture: Sergio Dionisio/Bloomberg

Welcome to the Trading Day blog for Friday, September 20. The ASX 200 index closed 0.2 per cent higher to 8209.50 points after earlier hitting a record following a belated rate cut rally in the US which sent the S&P 500 and Dow indexes to record highs.

The Aussie dollar is trading around US68.17c at 5pm AEST.

Originally published as ASX 200 retreats from record; CBA flat; Myer down; PwC evidence questioned

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Original URL: https://www.dailytelegraph.com.au/business/companies/asx-200-eyes-new-peak-super-retail-lawsuit-dow-sp-hit-records-as-us-techs-surge/live-coverage/9a864d438deae01ade96730ba27fdc13