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ASX 200 gains as tech stocks rally; Brambles lifts dividend; Block soars; Newmont to sell Telfer

Court imposes $30m fine in waste management cartel case. Afterpay owner Block soars on profit swing. ABB rejigs leadership, ups guidance. Brambles, Austal fall. Woodside sells Scarborough stake to JERA.

David Rogers, Valerina Changarathil and Megan Neil
less than 2 min read
6:35AMFebruary 23, 2024.
Updated 4:43PMFebruary 23, 2024
The Australian Business Network
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Overseas and local results are on investor radars. Picture: Gaye Gerard
Overseas and local results are on investor radars. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, February 23. The ASX 200 index closed 0.4 per cent higher at 7643.60 points, with tech stocks rallying after AI giant Nvidia powered Wall Street's big gains overnight.

Nvidia's $US277bn gain in market value overnight marked the largest one-day market cap gain on record for a US company. Meanwhile the local corporate earnings season continues with a list of results ahead.

The Aussie dollar is around US65.70c.

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Nvidia impresses but US outlook not so rosy
David Rogers
Read related topics:AfterpayASXBramblesNewcrest

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-rise-newmont-to-sell-telfer-focus-on-cadia-tanami-brambles-results/live-coverage/e24731a9553c46621c90e1ea43b5d699