ASX 200 Today: Drops to near 7,740 amid positive Aussie employment data

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The ASX 200 Index relinquished its intraday gains and slipped into negative territory, trading near 7,740 on Thursday.

ASX 200 retraces its intraday gains amid positive Australian employment figures. Australia's private sector activity marked its second consecutive month of expansion in March. The S&P 500 reached 5,200 after the Fed maintained rates at 5.5%. This reversal could be attributed to the positive Employment data from Australia. The seasonally adjusted Employment Change for February surged to 116.5K, surpassing expectations of 40.0K and the previous figure of 15.3K.

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