the COB - 18.07.24

The global sell-off in tech stocks bled into the local market with the sector dragging the broader market lower. The S&P/ASX200 lost 0.32% over the session to finish at 8,032.
Interest rate sensitive stocks, such as real estate, also came under pressure after data revealed the economy added more than 50 thousand jobs in June, prompting renewed bets that the Reserve Bank will lift rates next month.
Wisetech led the losses in tech, down 7%, while NextDC and Life360 also suffered.
Domino's was the worst performer, falling 8%, after it warned of store closures and downgraded guidance for group store growth.
Fortescue shares were off 1% after flagging that it will cut 700 jobs and restructure its green hydrogen business.
Evolution shares rose 3% after the gold miner reported cash flow had jumped 171% in the June quarter.
The uranium stocks again came under selling pressure, while elsewhere in the energy sector Santos saw revenue fall in the past quarter.
Neuren Pharmaceuticals was down 6%, while Telix lifted its sales guidance for financial 2024.
Shares in fashion group Accent surged 11% on its profit update, while saying it's closing 18 Glue stores.
Tonight, the ECB is expected to leave interest rates unchanged after cutting last month.
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