By Oliver Gray
Investing.com - The S&P/ASX 200 added 70 points or 1% to 7,175.9 after the first hour of Friday’s trade, recouping losses of 0.7% in the previous session as investors tracked a rebound on Wall Street overnight.
ASX 200 Futures were little changed at 7,180.5.
Among stocks, Information Technology was the most improved, up 1.3% as Block Inc (ASX:SQ2) gained 5.3%, Appen Ltd (ASX:APX) dropped 23%, Megaport Ltd (ASX:MP1) gained 2.6%, Link Administration Holdings Ltd (ASX:LNK) lifted 0.2%, Brainchip Holdings Ltd (ASX:BRN) added 2.4%, Novonix Ltd (ASX:NVX) gained 0.3% and Technology One Ltd (ASX:TNE) increased 3.4%.
Consumer Discretionary lifted 1.7% collectively with JB Hi-Fi Ltd (ASX:JBH) up 2.7%, Domino's Pizza Enterprises Ltd (ASX:DMP) adding 2.2%, Aristocrat Leisure Ltd (ASX:ALL) up 2.6% and Wesfarmers Ltd (ASX:WES) gaining 1.2%.
Energy lifted 1.7%, with Woodside Petroleum Ltd (ASX:WPL) adding 1.8%, Santos Ltd (ASX:STO) up 0.4%, Beach Energy Ltd (ASX:BPT) lifting 3.5% and Viva Energy Group Ltd (ASX:VEA) up 0.9%.
Financials gained 0.8% with Commonwealth Bank Of Australia (ASX:CBA) up 1%, Westpac Banking Corp (ASX:WBC) lifting 0.8%, National Australia Bank Ltd (ASX:NAB) gaining 0.7%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) uo 0.6% and Macquarie Group Ltd (ASX:MQG) up 2%.
Ahead in the session, market participants will be paying close attention to April’s Retail Sales print.
On the bond markets, Australia 10-Year rates were at 3.256% while United States 10-Year yields were at 2.754%.
In New Zealand, the NZX 50 added 0.8% to 11,191.5.