The S&P/ASX 200 Index (ASX: XJO) had a day for the record books, hitting a new all-time high. The Reserve Bank of Australia (RBA) also decided to cut interest rates for the third time this year.
By the time the markets closed today, the ASX 200 had added a healthy 0.41% to its total, leaving the index at a pleasing 8,880.8 points. That's after clocking a new record high of 8,885.7 points during intraday trading.
This exuberant session for the ASX comes after a far more negative start to the American trading week overnight.
The Dow Jones Industrial Average Index (DJX: .DJI) started the week off on a rough note, dropping 0.45%.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was almost as bad, declining by 0.3%.
But let's get back to the happy market now and see how today's excitement affected the various ASX sectors.
Despite today's momentous gains, we still had a handful of sectors that went backwards.
The first, and worst, of those sectors was industrial shares. The S&P/ASX 200 Industrials Index (ASX: XNJ) was punished today, tanking by 0.85%.
Gold stocks had another rough day too, with the All Ordinaries Gold Index (ASX: XGD) slumping 0.35%.
Tech shares were left out in the cold as well. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was walked back 0.16% this Tuesday.
Real estate investment trusts (REITs) were our last losers, as you can see from the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 0.03% slip.
Turning to the winners now, it was utilities stocks that came out on top. The S&P/ASX 200 Utilities Index (ASX: XUJ) soared a confident 0.84% higher today.
Consumer discretionary shares also ran hot, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) surging 0.83%.
Financial stocks mirrored that gain. The S&P/ASX 200 Financials Index (ASX: XFJ) also added 0.83% to its value.
Communications shares saw some demand as well, evident from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.49% lift.
Mining stocks joined the ASX party, too. The S&P/ASX 200 Materials Index (ASX: XMJ) bounced 0.37% higher this session.
Energy shares were right behind that, with the S&P/ASX 200 Energy Index (ASX: XEJ) rising 0.34%.
Healthcare stocks made the winners cut as well. The S&P/ASX 200 Healthcare Index (ASX: XHJ) got a 0.23% boost today.
Finally, consumer staples shares managed to get over the positive line, illustrated by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.18% uptick.
This Tuesday's best stock on the index turned out to be tech share Life360 Inc (ASX: 360). Life360 stock shot up 7.8% today to close at $40.77 a share.
This big leap follows the company's release of some impressive financial results, which we checked out here.
Here's the rest of today's best shares:
| ASX-listed company | Share price | Price change |
| Life360 Inc (ASX: 360) | $40.77 | 7.80% |
| Light & Wonder Inc (ASX: LNW) | $130.43 | 6.01% |
| JB Hi-Fi Ltd (ASX: JBH) | $113.85 | 5.58% |
| Car Group Ltd (ASX: CAR) | $39.07 | 5.03% |
| Insurance Australia Group Ltd (ASX: IAG) | $8.50 | 3.91% |
| Nick Scali Ltd (ASX: NCK) | $21.20 | 3.36% |
| Judo Capital Holdings Ltd (ASX: JDO) | $1.69 | 3.05% |
| Suncorp Group Ltd (ASX: SUN) | $20.10 | 2.87% |
| Champion Iron Ltd (ASX: CIA) | $4.33 | 2.85% |
| Whitehaven Coal Ltd (ASX: WHC) | $7.24 | 2.84% |
Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.