End-of-day summary:
A broad rally reversed almost two days of losses for the Australian share market following another round of record closes in the US.
The ASX 200 bounced 66.5 points or 0.86%. Telcos, banks and consumer stocks set the pace, but no sector was left behind.
Telstra popped 2.19% after announcing price increases for mobile plans. Insignia Financial, Judo Capital Holdings and Liontown Resources were the index's standouts, all up at least 5%.
The S&P 500 inched up 0.1% overnight to its 35th record close of the year as investors showed few concerns ahead of inflation data, bank earnings and congressional testimony from Federal Reserve Chair Jerome Powell this week. The Nasdaq also closed at a new high, up 0.28%.
