The broader All Ordinaries index (^AORD) closed near flat, down just 0.016 per cent to 6,270.70 points.
What happened this morning?
The benchmark S&P/ASX200 (^AXJO) opened 0.34 per cent higher to 6,141 points, after all three major bourses in the US finished higher.
The broader All Ordinaries index (^AORD) also opened 0.64 per cent higher to 6,311.80 points at 10:09 AEST.
It comes as Victoria’s daily coronavirus infections dropped below 200 for the first time in nearly six weeks, and the state recorded nine deaths.
One Australian dollar was buying 72.08 US cents at 9:55 AEST, marginally higher than 71.9 US cents at the previous close.
What happened overnight?
Wall Street had a stellar day of trade, with the Nasdaq reaching a record high off the back of Apple hitting a market value milestone of US$2 trillion.
Amazon and Microsoft also underpinned the index’s gains, with investors seemingly not phased by data showing jobless claims rose back above the 1 million mark last week.
"Investors are looking through this downturn towards a point where we will begin to get a recovery especially with the Federal Reserve backstopping the companies," said Brian Reynolds, chief market strategist at Reynolds Strategies.
The S&P 500 finished 0.32 per cent higher to 3,385.51 points, the Nasdaq ended 1.06 per cent higher to 11,264.95 points and the Dow Jones finished 0.17 per cent higher to 27,739.73 points.
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