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ASX Update: Pandemic peak as tech, gold shine SubscribeBe the first with the news that moves the market The share market surged to a new pandemic-era high as rising inflation and falling borrowing costs boosted gold and technology companies. The S&P/ASX 200 climbed 46 points to 7022.7, its strongest level since February last year, before trimming its advance to 30 points or 0.43 per cent mid-session. The All Ordinaries rallied 34 points or 0.47 per cent. The broader of the two major benchmarks reached 7280.3, less than 10 points off last year s pre-pandemic all-time high. What s driving the market The market resumed its uptrend after Wall Street cruised through the first of the week s major risk events . The Nasdaq Composite rallied 1.05 per cent and the S&P 500 added 0.33 per cent after the March consumer price index confirmed a sharp pick-up in inflation. A regulatory pause on Johnson & Johnson s Covid vaccine over blood clotting issues had little impact.  

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