Firmer gold prices also supported sentiment, lifting mining stocks as easing inflation concerns reduced expectations of further US interest rate hikes. Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.8%, 2.6%, and 1.7%, respectively. In corporate news, Light & Wonder (ASX:LNW) reported Wednesday second quarter adjusted earnings of $1.99 per share on revenue of $828 million, compared with adjusted earnings of $1.58 on revenue of $809 million a year earlier. Argo Investments (ASX:ARG) reported Wednesday fiscal 2026 earnings of AU$0.343 per share on revenue of AU$296.3 million, compared with earnings of AU$0.341 on revenue of AU$290 million a year earlier. Australia's benchmark index rose 1.4%, or 126.5 points, to close at 9,145.80 on Tuesday.