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Trading Day: ASX finishes higher at record, oil price slide weighs on markets
Stocks have closed higher at a record, led by the IT sector. Challenger CEO to step down. James Hardie profit jumps and NBN revenue lifts.
Welcome to the Trading Day blog for Tuesday, August 10. Australian stocks have ended the day in positive territory after a mixed trading session. Wall Street closed mixed as a tumble in oil prices signalled investor unease about the pandemic and the strength of the economic recovery.
The Dow lost 0.3 per cent, the S&P 500 slipped about 0.1 per cent and the Nasdaq rose 0.2 per cent. European stocks were also mixed. Locally, James Hardie delivers bumper profit amid building boom and Challenger's profit rebounds as boss quits.
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Originally published as Trading Day: ASX finishes higher at record, oil price slide weighs on markets
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