Wall Street Rally Boosts Australian Stocks

Disclaimer: thisOn Wall Street: Dow up 1.6 per cent, S&P 500 up 1.2 per cent, Nasdaq up 1.2 per cent.Spot gold: Down 0.5 per cent to $US1995.85 an ounceIs Australia's economy facing a Wile E Coyote moment?

All three major US stock indexes closed up more than 1 per cent, bouncing back from the previous week's sell-off. Third-quarter earnings season, firing on all cylinders, has reached its halfway point, with 251 of the companies in the S&P 500 having reported. Of those, 78 per cent have beaten Wall Street estimates, according to LSEG.

In the coming week, Caterpillar, Apple, Pfizer and Starbucks are among the higher-profile companies expected to post results.

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Live updates: Australian share market to rise, Wall Street ends sharply higherA rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
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