Another quiet session with stocks drifting higher throughout the session. With so many major macro events over the past 24 hours, there was an obvious sense of relief there was no further increase in market volatility. Sentiment may have been assisted by the release another stellar jobs report locally, along with gains across other Asian markets. Underneath the surface, most sectors posted solid gains. Reflecting moves in US and Chinese markets, the tech sector outperformed with an increase of 2.1%. After the recent rout, materials rediscovered its mojo, lifting 1.6%. Energy rose by a similar margin while healthcare, communications and utilities rose around 1%. Bega Cheese shares were also hit by a profit warning, sliding 7.9%. The S&P/ASX 200 rose 0.44%, or 29 points, to close at 6650.6.
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