Market Wrap / Healthy finish

Positive global investor sentiment in the wake of the Fed rate cut helped fuel gains on the local share market on Friday. The S&P/ ASX 200 rose 0.32% to 8,773.5 points, but finished 1% lower for the week.Further AI investments on Wall Street provided added tailwinds for the local tech sector, which ended 0.42% higher with Life360 rising 3.1%.The local healthcare sector supported market gains, on an upbeat outlook from Citi. The broker raised its target price on Telix, saying the company’s market base is larger than the market accounted for. The broker was also positive on Pro Medicus, with both stocks finishing more than 5% higher.  Meanwhile, AGL and partner Someva Renewables locked in federal government approval for a large wind power and battery project in NSW. Investors reacted positively to the news and sent the share price 0.7% higher. Elsewhere - Perseus Mining received approval from the Cote d'Ivoire government to develop the Yaoure gold mine, and the stock gained 1.4%. 

And after tumbling yesterday on news that its takeover suitor had walked away, Santos reclaimed some of its losses to finish 0.6% higher.Looking ahead, S&P global PMIs are due next week, along with local inflation numbers ahead of the following week's RBA decision.