By Oliver Gray
Investing.com - The S&P/ASX 200 added 53.50 added points or 0.81% to 6,648.00 during Thursday’s trade, erasing losses of 0.5% in the previous session as the Materials sector rebounded.
Among stocks, Rio Tinto Ltd (ASX:RIO) added 4.1%, BHP Billiton Ltd (ASX:BHP) lifted 3.1%, Fortescue Metals Group Ltd (ASX:FMG) added 4.4% and Champion Iron Ltd (ASX:CIA) gained 1.3%.
Consumer Discretionary gained 1.3% as JB Hi-Fi Ltd (ASX:JBH) added 1.5%, Crown Ltd (ASX:CWN) lifted 0.3%, Domino's Pizza Enterprises Ltd (ASX:DMP) gained 0.6%, Tabcorp Holdings Ltd (ASX:TAH) lifted 1%, Aristocrat Leisure Ltd (ASX:ALL) added 2.4% and Wesfarmers Ltd (ASX:WES) gained 1.4%.
Financials finished 0.9% higher with Macquarie Group Ltd (ASX:MQG) up 0.6%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) adding 1.8%, Commonwealth Bank Of Australia (ASX:CBA) up 1.2% and Westpac Banking Corp (ASX:WBC) adding 0.8%.
Information Technology fell 0.5% overall as Block Inc (ASX:SQ2) lost 1.3%, Brainchip Holdings Ltd (ASX:BRN) shed 3.1%, Computershare Ltd. (ASX:CPU) dipped 2.1% and Wisetech Global Ltd (ASX:WTC) fell 0.8%.
On the bond markets, Australia 10-Year yields were at 3.467% while United States 10-Year rates were at 2.945%.
In New Zealand, the NZX 50 fell 0.3% to 11,112.2.