The local share market rose strongly this morning but pared back most of its gains as the day wore on. Still, it ended in the black with a strong rebound from around 2:00pm AEDT.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% to 5530 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.5% to 5626 points
  • AUD/USD at US 76.88 cents
  • Iron Ore at US$59.36 a tonne, according to the Metal Bulletin
  • Gold at US$1,339.28 an ounce
  • Brent oil at US$46.37 a barrel

Shares of Westpac Banking Corp (ASX: WBC) acted as a heavy drag on the broader market again today. The shares fell 1.3%, with Commonwealth Bank of Australia (ASX: CBA) rising a mere 0.1%.

National Australia Bank Ltd. (ASX: NAB), on the other hand, rose a more impressive 1.5%.

There were mixed results from the nation’s other blue chip shares, as well. BHP Billiton Limited (ASX: BHP) and Woolworths Limited (ASX: WOW), for instance, rose 2.1% and 1.3%, but Telstra Corporation Ltd (ASX: TLS) lost 1.1%.

Baby Bunting Group Ltd (ASX: BBN) produced a very strong earnings result today, which saw its shares rally 7.8%.

Mesoblast limited (ASX: MSB) also rose 11.8%, and Liquefied Natural Gas Ltd (ASX: LNG) gained 5.9%.

Suncorp Group Ltd (ASX: SUN) wasn’t so lucky, shedding 4% for the session (although that is mostly due to going ex-dividend).

Here are Friday’s top stories:

  1. Should you buy Baby Bunting Group Ltd for its incredible profit growth?
  2. Why the Australian dollar could climb above US80 cents
  3. How to find the next 10-bagger (Part III)
  4. 3 under the radar growth shares for your portfolio
  5. 4 top fully-franked dividend stocks for your SMSF
  6. Is Yowie Group Ltd a buy at today’s share price?

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.