The local share market rebounded in spectacular fashion today, led by some of the country's biggest companies.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 2.4% to 5028 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 2.3% to 5078 points
- AUD/USD at US 72.06 cents
- Iron Ore at US$39.36 a tonne, according to the Metal Bulletin
- Gold at US$1,064.28 an ounce
- Brent oil at US$38.57 a barrel
Prior to today, the ASX 200 had fallen in each of its last six sessions but that chain was snapped today in what The Sydney Morning Herald described as a 'pre-Fed rally'.
BHP Billiton Limited (ASX: BHP) delivered a stunning 5.6% rise after the iron ore and oil prices rose overnight, with Rio Tinto Limited (ASX: RIO) shares also rising 3%.
The four major banks rose strongly too, all lifting more than 2.5%. Commonwealth Bank of Australia (ASX: CBA) was the standout with a 2.9% rise for the day. Telstra Corporation Ltd (ASX: TLS), Wesfarmers Ltd (ASX: WES) and Woolworths Limited (ASX: WOW) all rose between 1.9% and 4% as well.
Crown Resorts Ltd (ASX: CWN) and Domino's Pizza Enterprises Ltd (ASX: DMP) were the big winners for the day, rising 10.5% and 8.3%. Primary Health Care Limited (ASX: PRY) and Sonic Healthcare Limited (ASX: SHL) weren't so lucky, sinking 9.7% and 5.6%.
Here are Wednesday's top stories:
- Is the worst over for the BHP Billiton Limited share price?
- CRASH: Why the Primary Health Care Limited share price was smashed today
- Crown Resorts Ltd share price soars most in 7 years as Packer in talks to take assets private
- Star Wars: 'May The Force' be with Village Roadshow Limited shares this Christmas
- 5 dividend shares I'd buy my kids this Christmas
- Why the Sonic Healthcare share price has been slammed