Australian shares dip amid tech sector sell-off

(Image: Getty)

Fri, 19 Jul 2024

By Derek RoseThe local share market has closed slightly lower, consolidating near a record high amid a big sell-off in the tech sector and as traders digest a domestic labour market report with no clear message.The benchmark S&P/ASX200 on Thursday finished down 21.4 points, or 0.27%, to 8,036.5, while the broader All Ordinaries fell 30.8 points, or 0.37%, to 8,272.7.It was the ASX200's second-highest close ever, but came against a backdrop of slightly increased concerns the Reserve Bank might raise interest rates next month following Th...

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