Local shares surged higher today, ending the session just above 5,550 points. Corporate earnings results continued to be the central focus point with a number of promising results across the market.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5553 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.6% to 5647 points
  • AUD/USD at US 76.42 cents
  • Iron Ore at US$61.23 a tonne, according to the Metal Bulletin
  • Gold at US$1,338.42 an ounce
  • Brent oil at US$48.76 a barrel

oOh!Media Ltd (ASX: OML) produced a solid rebound, surging almost 9% following yesterday’s heavy decline.

Slater & Gordon Limited (ASX: SGH) shares also gained 11.7%, while Pro Medicus Limited (ASX: PME) rose 5.7%.

A number of shares in the healthcare sector rose strongly. CSL Limited (ASX: CSL) gained 2.2% while Healthscope Ltd (ASX: HSO) rose 1.7% following its earnings announcement.

Other big movers included Bellamy’s Australia Ltd (ASX: BAL) and IPH Ltd (ASX: IPH), which gained 5.3% and 3.8% respectively. Vocus Communications Limited (ASX: VOC) gained 2.8%.

Unfortunately, there were a number of sharp falls across the market, as well. Specialty Fashion Group Ltd. (ASX: SFH) plunged 17.7%. Monadelphous Group Limited (ASX: MND) lost 17.8%. And Worleyparsons Limited (ASX: WOR) plunged 5.7%.

Here are Tuesday’s top stories:

  1. 5 growth shares I’d buy with $50,000 today
  2. Vocus Communications Limited triples profit, is it good value?
  3. Scentre Group Ltd looks expensive for dividend shoppers
  4. Acrux Limited shares crater 37% on shock court ruling
  5. Caltex Australia Limited profits plunge, is it time to sell?
  6. Why the Healthscope Ltd share price is surging today

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia. 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.