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AAP

Business

Derek Rose

Aust shares surge after big tech beats boost sentiment

United States Amazon Apple Meta

Every sector bar utilities has finished higher as the market hit its second-all time high this week. (Steven Saphore/AAP PHOTOS)

The local share market has rebounded from Thursday's sell-off and rocketed to a fresh all-time high after a trio of the world's leading tech firms soundly beat earnings expectations, uplifting investors' risk appetite.

The benchmark S&P/ASX200 index closed near the highs of the day Friday, up 111.2 points, or 1.47 per cent, to 7,699.4, while the broader All Ordinaries gained 112.8 points, or 1.44 per cent, to 7,931.6.

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