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.

In equities news, Santos is slated to post its second quarter activities report, while Sydney Airport is due to release June traffic numbers.

In Australia, the market yesterday again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher.

Financial and energy stocks were the best performers, with other sectors mixed.

The benchmark S&P/ASX200 index was up 11.7 points, or 0.23%, at 4,993.4 points, while the broader All Ordinaries index was up 10.4 points, or 0.21%, at 4,976.9 points.

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