By Oliver Gray
Investing.com - The S&P/ASX 200 added 60.00 points or 0.82% to 7,364.70 during Thursday’s trade amid a broad rally, posting its first gain this week as risk sentiment returned to the markets following a 50 basis point rate rise and a clearer path on future hikes from U.S. Federal Reserve policymakers.
Among stocks, Information Technology was most improved, finishing 2.5% higher as Block Inc (ASX:SQ2) lifted 1.7%, Novonix Ltd (ASX:NVX) added 7.1%, Brainchip Holdings Ltd (ASX:BRN) gained 10.2% and Xero Ltd (ASX:XRO) advanced 3.4%.
Energy added 2% collectively, as Woodside Petroleum Ltd (ASX:WPL) added 2.2%, Santos Ltd (ASX:STO) gained 1.4% and Beach Energy Ltd (ASX:BPT) added 3.9%.
Financials finished flat, with Macquarie Group Ltd (ASX:MQG) down 1%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) falling 1.7% and Westpac Banking Corp (ASX:WBC) dipping 0.3%.
On the bond markets, Australia 10-Year yields were at 3.39% while United States 10-Year rates were at 2.95%.
In New Zealand, the NZX 50 added 0.6% to 11,748.