The sharemarket closed higher on Wednesday for the first time this week, buoyed by mining companies that tracked a rally in commodity prices.
The S&P/ASX 200 finished 0.5 per cent, or 42.9 points higher at 8416, paring some losses from the prior two sessions after the index fell 153 points on Monday. The All Ordinaries index gained 0.6 per cent.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-palantir-powers-renewed-ai-trade-20250205-p5l9ls