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AAP
AAP
Business
Derek Rose

Aussie shares rally ahead of Fed chairman's testimony

ANZ NAB Westpac
Every sector finished higher, with telecommunications and financials the biggest gainers. (Jeremy Piper/AAP PHOTOS)

Bullish sentiment from Wall Street has finally rubbed off on the local bourse, which posted gains across the board ahead of important testimony by Fed chairman Jerome Powell.

The benchmark S&P/ASX200 index on Tuesday rose 66.5 points, or 0.86 per cent, to a three-day high of 7,829.7, while the broader All Ordinaries added 63 points, or 0.79 per cent, to 8,075.2.

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