Aust stocks rise 1% at noon

Local market swings into black buoyed by Wall St lead on US growth hopes.

In another wild swing that continues a volatile start to the financial year, the Australian stock market rebounded to sit 1% higher at noon buoyed by Wall Street gains after fresh data pointed to a strengthening United States economy.

At 1210 AEST, the benchmark S&P/ASX200 index lifted 1.02% to 4,792.7 points, while the broader All Ordinaries index was 1.04% stronger at 4,776.9 points.

The gains come a day after the local market see-sawed almost 1.9% into the red.

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