Stock market pushes 11-year high a day after historic RBA rate cut

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AUDIO: Stock market pushes 11-year high a day after historic RBA rate cut

Investors liked what they heard from Woolworths today, sending the company's stock up almost three per cent.

It helped drive another broader stock market bonanza, with the stock exchange's main index, the ASX 200, closing just shy of a fresh 11-and-a-half year high. This comes hot on the heels of the Reserve Bank cutting the cash rate to a new record low and governor Philip Lowe practically pleading for the Federal Government to help him grow the economy.

 

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