Market Wrap / shining bright

The S&P/ASX 200 extended Monday’s gains and finished Tuesday’s session 0.4% higher to 35 points, supported by the miners and the banks.The local miners rallied on stronger iron ore prices and another record high for gold. Northern Star rose 2.7%.The major banks benefited from positive sentiment, with CBA advancing by 1% over the session.In company news, Myer was hammered due to its 30% drop in FY25 net profit. The stock lost 24.2% today, while Cettire went in the other direction, up 17.8% as its founder bought additional shares.In healthcare, Telix Pharmaceuticals was up a comfortable 9.7% upon receiving reimbursement approval in the United States. Meanwhile Droneshield hit a near 4-week high, saying it will expand its R&D operations in the US.Tonight, investors will direct their attention to Jerome Powell’s speech on the US economic outlook. While inflation data is due locally tomorrow.