S&P/ASX 200 Index (ASX: XJO) stocks hit a new record high of 8,885.7 points on Tuesday, up 0.46%.
ASX 200 utilities, financials, and consumer discretionary shares dragged the market to its new peak today.
The new record followed a 0.25% interest rate cut announced by the Reserve Bank of Australia in the afternoon.
Several ASX exchange-traded funds (ETFs) tracking the ASX 200 Index also hit record highs today.
They included the SPDR S&P/ASX 200 ETF (ASX: STW), which peaked at $79.83 per unit.
The Betashares Australia 200 ETF (ASX: A200) hit $148 per unit.
The iShares Core S&P/ASX 200 ETF (ASX: IOZ) reached $35.69 per unit.
The rate cut also resulted in a new record high for the S&P/ASX 300 Index (ASX: XKO) at 8,825.5 points.
This sent the biggest Aussie ETF, the Vanguard Australian Shares Index ETF (ASX: VAS), to a new peak of $110.
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7 ASX 200 stocks also set records today
A bunch of individual ASX 200 stocks hit new price peaks today.
Here is a sample.
Life360 Inc (ASX: 360)
This ASX 200 technology darling ascended to a record high of $43.34.
Life360 shares surged 8% on Tuesday after the family location app provider released its June quarter report.
The tech share was the fastest riser of the ASX 200 today.
Lynas Rare Earths Ltd (ASX: LYC)
The Lynas share price lifted to a 13-year high of $13.31.
Top broker Macquarie has an underperform rating with a price target of $9 on the ASX 200 rare earths stock.
Charter Hall Group (ASX: CHC)
This ASX 200 real estate investment trust (REIT) lifted to a four-year high of $21.94 today.
Charter Hall was the No. 1 property stock for price growth in FY25.
GPT Group (ASX: GPT)
Another ASX 200 property stock, GPT Group, rose to a three-year high of $5.22 on Tuesday.
Macquarie has an outperform rating on GPT Group shares with a 12-month price target of $5.36.
Deterra Royalties Ltd (ASX: DRR)
Deterra Royalties shares lifted to a 15-month high of $4.49 on Tuesday.
WAM Capital Ltd (ASX: WAM)
This ASX 200 listed investment company (LIC) matched its near two-year high of $1.72, reached last Thursday, today.
WAM Capital released its July investment update today.
IMDEX Ltd (ASX: IMD)
This ASX 200 materials stock rose to a record high of $3.34.
Fund manager L1 Capital has a buy rating on IMDEX shares.
The fundie continues to see "positive tailwinds for the business, above and beyond the improving market environment …".
