The Australian share market did a nice bounce today, with steep gains in the mornings led by the strong Wall St result overnight, and then eased down slightly towards the end of the day.
The benchmark S&P/ASX 200 rose by as much as 4.6% in early trade, but eased back to close at 5257, an increase of 2.4% on the previous day’s close.
The broader All Ordinaries closed 123 points or 2.3% up at 5334.
In the US, Dow closed 416 points or 3.5% higher at 12156.81, while Nasdaq added 86 points or 3.98% to 2255.76.
In NZ, the NZ Top 50 also rose, finishing 24 points at 3544.8.
The Reserve Bank said the Australian dollar was buying 93.15 US cents.
On the Comex, gold futures were trading slightly down at US$975 per ounce, at 4.31pm AEDT.
The banks benefitted from the gains, with the Commonwealth Bank up $2.13 at $41.79, ANZ gained $1.13 to $21.98, Westpac added $1.41 to $23.34 and National Australia Bank rose $1.27 to $28.47.
The big miners also rose, Rio Tinto up $6.70 at $126 and BHP Billiton closing $1.41 higher at $37.01.
