Aussie shares fail to extend winning streak into Q4

(Image: Getty)

Wed, 02 Oct 2024

By Derek RoseThe Australian share market finished lower on Tuesday, pulling back from record high levels after comments by Fed chairman Jerome Powell cast doubt on the chances of another double-sized US rate cut.The benchmark S&P/ASX200 index finished down 60.2 points, or 0.74%, to 8,208.9, snapping its three-day winning streak. The broader All Ordinaries dropped 565 points, or 0.66%, to 8,481.9.Overnight, Powell told a conference of business economists the US economy was "strong overall" and interest rate cuts would come &qu...

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