Wall Street nailed another record high overnight as the rollicking year long run continued on very little news.
Yesterday, the Dow Jones index finished just under 23,000 points, but today, it has surged by more than 150 points, shooting right through that new level.
The Dow closed 0.7 per cent higher at 23,158.
A strong quarterly result from IBM was the biggest driver of the surge in the blue-chip index. The IT giant had its best day in the stock market since 2009 with its share price shooting up almost 10 per cent.
Since November last year, when Donald Trump was elected US President has gained 4,000 points. Bullish investors are hoping he'll implement corporate tax cuts, and pro-economic growth policies.
The other two Wall Street indexes eked out slight gains.
The S&P 500 is now sitting higher at 2,561, while the Nasdaq gained only a few points to 6,624.
Jobs and Chinese GDP are the focus
Despite the rally in the US, the mood seems to be a little bit more muted in Australian markets.
ASX futures are flat pointing to the local share going nowhere much opening.
In terms of economic news, the big ticket item is the jobs and unemployment figures which will be released by the ABS this morning.
The consensus call is for another strong result with around 15,000 new jobs added last month. The NAB is even more bullish predicting 25,000 jobs.
That would normally be enough to bring the unemployment rate down a notch, although a higher participation rate may leave it at 5.6 percent.
China releases its third quarter GDP result as well. There should be now surprise with the annualised growth figure coming in at around 6.9 per cent .
The Aussie dollar is currently buying 78.45 US cents.
Brent crude edged up to 58.2 US dollars a barrel, while gold fell a tad to $1,281 US dollars an ounce.
