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Australian stocks rose on Wall Street’s strength, boosted by energy, consumer discretionary, and nuclear energy gains, despite GM and WD-40 declines.
Australian stocks rose on Monday, lifted by Wall Street’s record highs, with energy and consumer discretionary shares leading gains.
Vistra and Oklo surged on nuclear power deals with Meta for AI data centers, while homebuilders jumped after Trump’s plan to buy $200 billion in mortgage bonds.
General Motors fell 2.7% on a $6 billion charge from exiting EVs, and WD-40 dropped 6.6% on weaker profits, though demand was stable.
A mixed U.S. jobs report signaled a "low-hire, low-fire" labor market, reducing near-term rate cut odds, but expectations remain for at least two cuts this year.
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Las acciones australianas subieron en la fortaleza de Wall Street, impulsadas por la energía, la discrecionalidad del consumidor y las ganancias de energía nuclear, a pesar de las disminuciones de GM y WD-40.