On Tuesday, shares surged, driven by a tech-fueled rally on Wall Street, with investors eyeing US corporate earnings and Australian inflation data for hints on the Reserve Bank’s future interest rate decisions. The S&P/ASX 200 Index rose 0.5%, extending the previous day's gain, while the All Ordinaries also climbed 0.5%. Despite mixed performances across sectors, tech stocks led the gains, exemplified by EML Payments rising 4.4% after Wilson Asset Management acquired a substantial stake.
Futures
The Dow Jones futures are pointing to a fall of 6 points.
The S&P 500 futures are pointing to a fall of 3 points.
The Nasdaq futures are pointing to a fall of 24 points.
The SPI futures are up 28 points.
Best and worst performers
The best-performing sector was Information Technology, up 1.73 per cent. The worst-performing sector was Energy, down 0.78 per cent.
The best-performing large cap was Cleanaway Waste Management (ASX:CWY), closing 15.77 per cent higher at $3.01. It was followed by shares in GQG Partners (ASX:GQG) and James Hardie Industries plc (ASX:JHX).
The worst-performing large cap was Brambles (ASX:BXB), closing 6.33 per cent lower at $14.64. It was followed by shares in Newmont Corporation (ASX:NEM) and Northern Star Resources (ASX:NST).
Asian markets
Japan's Nikkei has gained 0.30 per cent.
Hong Kong's Hang Seng has gained 1.66 per cent.
China's Shanghai Composite has gained 1.11 per cent.
Commodities and the dollar
Gold is trading at US$2,316.40 an ounce.
Iron ore is 0.6 per cent lower at US$116.85 a tonne.
Iron ore futures are pointing to a 0.3 per cent fall.
Light crude is trading $0.17 higher at US$83.02 a barrel.
One Australian dollar is buying 64.53 US cents.
