Aust stocks set to open higher

Local market expected to follow Wall St gains as Dow, S&P 500 hit new highs.

The Australian stock market looks set to open higher after gains on Wall Street with the Dow and the S&P 500 again reaching record highs.

At 0646 AEST, the September share price index futures contract was up 21 points at 4,973.

No major economic news is expected.

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