Australian stocks are experiencing an upswing this Monday, buoyed by the same positive sentiment that propelled Wall Street to a new record last Friday, leveraging the momentum from Nvidia's historic rally.
At 11:30am, the S&P/ASX 200 is 0.34 per cent higher at 7,669.40.
The SPI futures are pointing to a rise of 35 points.
Best and worst performers
The best-performing sector is Consumer Discretionary, up 0.98 per cent. The worst-performing sector is Energy, down 1.82 per cent.
The best-performing large cap is Pilbara Minerals (ASX:PLS), trading 4.5 per cent higher at $3.835. It is followed by shares in Suncorp Group (ASX:SUN) and Lynas Rare Earths (ASX:LYC).
The worst-performing large cap is TPG Telecom (ASX:TPG), trading 8.4 per cent lower at $4.91. It is followed by shares in Santos (ASX:STO) and Endeavour Group (ASX:EDV).
Commodities and the dollar
Gold is trading at US$2043.10 an ounce.
Iron ore is 0.4 per cent higher at US$121.10 a tonne.
Iron ore futures are pointing to a 0.9 per cent fall.
One Australian dollar is buying 65.60 US cents.
