The Australian share market followed Wall Street's lead to finished the day 0.6 per cent higher.
The All Ordinaries index finished the session 31 points higher at 5,053, while the ASX 200 index rose 33 points to 5,037.
Comments by US Federal Reserve chairman Ben Bernanke helped buoy investors there.
In response, the gains here were broadly spread, with more profit results feeding into the mix.
AGL Energy closed 4.5 per cent higher and James Hardie gained 1.6 per cent as investors gave their profits the thumbs up.
Westfield was up 0.5 per cent despite forecasting minimal net income growth from its Australian shopping centres this year.
But online travel company Wotif slumped more than 8 per cent after reporting a slide in profit.
The Bureau of Statistics released its construction figures for the final three months of last year, showing a surprise 0.1 per cent fall.
The mining sector dragged the figure down despite a 1.7 per cent increase in housing construction.
The miners still mostly posted gains though; BHP Billiton finished 0.9 per cent higher, Rio Tinto was up 0.7 per cent and gold miner Newcrest added 2 per cent.
The major banks also mostly gained, led by a 0.8 per cent rise for the Commonwealth.
ANZ went up 0.4 per cent and NAB 0.25 per cent, but Westpac slipped 0.1 per cent.
There were some mixed results for retailers; Harvey Norman fell 0.4 per cent and Myer lost 0.75 per cent, but department store rival David Jones rose 1.1 per cent.
The airlines fell, with a 2.5 per cent drop for Qantas and 1.2 per cent fall for Virgin Australia.
The Australian dollar weakened against the greenback and shortly before 5pm (AEDT) was buying around 102.16 US cents, 78.22 euro cents and 67.64 British pence.
Spot gold was fetching around $US1,611.25 an ounce and West Texas intermediate crude oil was worth $US92.63 cents a barrel.