The Australian share market hit a new milestone today as the S&P/ASX 200 index reached an all-time intraday high. Early morning trading saw the index shoot up to 8,148.8 points, surpassing its previous high of 8,148.7. Although it pulled back slightly, the ASX 200 remains in a strong position, staying at 0.29% at 8,145.4 points at 3:12 pm AEST. This rally was driven largely by developments in the US, with significant gains in the Dow Jones and S&P 500 influencing Australian shares.