The local share market has moved higher after a strong session on Wall Street, although the commodity sectors weren't joining in the gains.
At noon AEDT on Monday, the benchmark S&P/ASX200 index was up 43.5 points, or 0.6 per cent, to 7,327.1, while the broader All Ordinaries was up 41.3 points, or 0.55 per cent, to 7,525.3.
The gains followed Friday's rally on Wall Street, where the S&P500 had its best session in six weeks, rising 1.6 per cent, after a monthly business report suggested price increases were easing in the services sector.
The ASX's energy sector was down 1.1 per cent and materials were down 0.8 per cent at midday.
BHP had fallen 1.0 per cent to $47.83, Fortescue Metals had dropped 3.1 per cent to $22.06 and Rio Tinto was down 1.8 per cent to $124.16.
In the energy sector, Woodside was down 1.0 per cent to $37.42, Santos was down 1.2 per cent to $7.115 and Whitehaven Coal was down 3.1 per cent to $7.26.
But every other sector was higher, with tech up by 2.7 per cent and consumer discretionary, financials and property all up in the neighbourhood of one and a half per cent.
Xero had climbed 5.2 per cent to $79.58, Life360 had soared 12.1 per cent to $5.37 on news the family-tracking company would be joining the ASX200 and Brainchip had advanced 14.7 per cent to 58.5c after introducing its second-generation artificial intelligence chip platform.
All the big banks were having a good day, with NAB up 2.1 per cent to $29.85, Westpac adding 1.6 per cent to $22.07, ANZ adding 1.9 per cent to $24.31 and CBA up 1.1 per cent to $98.86.
Wesfarmers was up 2.7 per cent to $49.33, Woolworths had gained 1.8 per cent to $37.14 and Coles had gained 1.1 per cent to $17.69.
Rhythm Biosciences had sunk 37 per cent to 60. c after announcing it would withdraw its application asking the Australian Therapeutic Goods Administration to approve its blood test for colon cancer. It plans to resubmit the application later this year to better meet the TGA's feedback and answer questions posed.
The Australian dollar was buying 67.50 US cents, from 67.46 US cents at Friday's ASX close.
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