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ASX:DYL.AX 28 January 2026

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Australia stock market today: ASX 200 snaps winning streak as inflation jolts RBA rate-hike bets

Sydney, Jan 28, 2026, 21:53 — Market closed. Australian shares slipped slightly on Wednesday, ending a three-day winning streak as hotter inflation data raised bets on an imminent rate hike. The S&P/ASX 200 dipped 7.7 points, or 0.09%, closing at 8,933.9. The broader All Ordinaries fell 0.19% to 9,250.6.

Stock Market Today

  • Elastic, Toast, Nutanix up as U.S.-Iran deal cools tensions, tech jumps
    June 29, 2026, 10:12 PM EDT. Elastic, Toast, and Nutanix traded higher in afternoon action after a U.S.-Iran deal to stop military strikes eased weeks of market worry over the region. Oil prices pulled back on the news, taking some pressure off inflation and lowering bets on more Fed rate hikes. That shift boosted growth software names. At the same time, OpenAI may delay its IPO, which cooled talk of overnight AI disruption in software, helping tech stocks broadly. Toast (TOST) saw a bounce, though the stock is still down 17.5% for the year and off 43.1% from its 52-week high; it's had a string of 5%+ swings this year. The company was just added to the S&P MidCap 400 index, a move likely to draw more index fund buying.
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