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ASX 200 dips after record high; Genex rockets on $381m bid; sharp fall in inventories

Gold stocks rally. ASX 200 sets new high before turning down as iron ore miners fell. Sharp inventories fall to drag on growth. Genex lifts 32 per cent on J-Power bid. Downer defends class action. 

Valerina Changarathil and Megan Neil
less than 2 min read
5:49AMMarch 04, 2024.
Updated 5:01PMMarch 04, 2024
The Australian Business Network
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Economic data and commentary are in focus for investors this week. Picture: Gaye Gerard.
Economic data and commentary are in focus for investors this week. Picture: Gaye Gerard.

Welcome to the Trading Day blog for Monday, March 4. The ASX 200 index closed 0.1 per cent weaker at 7735.80 points, after earlier rising 0.3 per cent to an intraday record high of 7769.10 points.

The Aussie dollar is near US65.19c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-may-edge-higher-as-gdp-data-looms-us-fed-chair-jerome-powell-to-front-us-cong/live-coverage/b89e65ba8059ea9c0b0a12733279d1d2