S&P/ASX 200 Rises as Tech Gains Offset Bank Losses

The S&P/ASX 200 rose 6 points, or 0.07 per cent, by midday on July 5, 2026. Gains in energy and technology shares, specifically from firms such as WiseTech and NextDC, offset declines in the consumer sector and major banks including Commonwealth Bank, Westpac, ANZ, and Macquarie.

Global markets experienced volatile trading as investors questioned artificial intelligence valuations. This sentiment triggered the fastest pace of outflows from US stocks since March, with $US17.2 billion leaving the market in the week ending July 1. In contrast, Japanese equities attracted their largest inflows in seven weeks.

Investors are now analyzing US labor market growth and inflation data to predict the actions of the Federal Reserve. Under the leadership of Chairman Kevin Warsh, the central bank is evaluating whether to raise the federal funds rate at its next meeting. Meanwhile, Brent crude prices steadied below $US72 a barrel as the United States and Iran continued diplomatic talks.