Aust stocks pare gains at noon

Local market lifts following strong Wall Street leads and a record high Dow close on good jobs data.

The Australian stock market has pared some strong early gains that followed Wall Street leads as the Dow hit a fresh record high.

At the 1205 AEDT the benchmark S&P/ASX200 index added 0.57% to 5,366.4 points, while the broader All Ordinaries index increased 0.56% to 5,360.3 points.

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