Healthcare stocks led gains in Australian shares on Friday after strong results from medical device-maker Resmed, while the broader market tracked overnight gains by most Wall Street indexes amid optimism over corporate earnings[BENGALURU] Healthcare stocks led gains in Australian shares on Friday after strong results from medical device-maker Resmed, while the broader market tracked overnight gains by most Wall Street indexes amid optimism over corporate earnings.
More than 80 per cent of the 168 S&P 500 companies reporting quarterly results have beaten profit expectations, according to Refinitiv data. The Nasdaq index ended 0.8 higher on Thursday following strong reports from several technology companies. Index heavyweight CSL gained more than 1 per cent, while hearing devices maker Cochlear rose 1.8 per cent.
The mining subindex was on track to add 2.8 per cent for the week, which would be the biggest gain since late August.