Live: Wall Street closes at record highs, Australia's minimum wage rise announced today

Wall Street's S&P 500 reached a new milestone, closing at an all-time high, signaling investor confidence in the U.S. economy. Meanwhile, Australia announced an increase in its minimum wage, a move that could impact employment and inflation rates across the country. This wage hike is expected to provide some relief to workers but may also pose challenges for businesses navigating higher labor costs. The day's market performance and wage changes underscore broader economic trends shaping both the U.S. and Australian economies.