Healthcare and technology stocks helped the Australian sharemarket extend its gains on Tuesday following a strong recovery the day before. A positive lead from Wall Street, where investors are becoming more confident that big technology companies will meet earnings estimates, provided impetus for the advance.
GQG Partners shares and James Hardie Industries were the biggest large-cap advancers.The mining sector fell 0.3 per cent as shares in gold miners slumped on the back of a continued slide in the price of bullion. Some other commodities-related companies also struggled, with coal miner Whitehaven Coal shares down 1.9 per cent and Yancoal down 2.3 per cent.
On Wall Street, the S&P 500 Index gained 0.9 per cent to top 5000 again as the market gears up for the busiest week for US first-quarter earnings. Microsoft, Google owner Alphabet, Facebook and Instagram parent Meta Platforms and electric carmaker Tesla are all reporting results this week.
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