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AAP
AAP
Business
Derek Rose

Australian shares reach another milestone on dovish Fed

The property, tech and energy sectors were the biggest gainers in trading as financials dipped. (Mick Tsikas/AAP PHOTOS)

The Australian share market has pushed further into record territory after Fed chairman Jerome Powell gave his strongest indication the US central bank will cut interest rates in September.

The benchmark S&P/ASX200 index traded above 8,100 for the first time on Thursday, finishing up 22.4 points, or 0.28 per cent, to 8,114.7, while the broader All Ordinaries gained 23.4 points, or 0.28 per cent, to 8,343.8.

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