By Oliver Gray
Investing.com - The S&P/ASX 200 added 1.7% to 6,815.7 during Wednesday’s trading session, extending gains of 3.8% in the previous session as investors cheered a smaller than expected rate hike earlier this week which fueled risk sentiment while bond yields dipped.
Among stocks, Information Technology led the gains, lifting 3.9% as Block Inc (ASX:SQ2) added 7.5%, Appen Ltd (ASX:APX) up 5.4% and Megaport Ltd (ASX:MP1) lifting 5.6%.
Consumer Discretionary added 2.7% as Domino's Pizza Enterprises Ltd (ASX:DMP) lifted 4.4%, Aristocrat Leisure Ltd (ASX:ALL) added 4.1%, Wesfarmers Ltd (ASX:WES) gained 2.3% and JB Hi-Fi Ltd (ASX:JBH) added 0.8%.
Financials finished 2.3% higher as Macquarie Group Ltd (ASX:MQG) gained 2.4%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) added 2.5%, Commonwealth Bank Of Australia (ASX:CBA) increased 2.6%, National Australia Bank Ltd (ASX:NAB) gained 2.1% and Westpac Banking Corp (ASX:WBC) lifted 3.4%.
On the bond markets, Australia 10-Year yields were at 3.641% while United States 10-Year yields were at 3.635%.
In New Zealand, the NZX 50 added 0.8% to 11,180.