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"To keep it very simple, this isn't something you see in a bear market and it means this early spring rally likely has legs," Ryan Detrick said.
The Dow Jones Industrial Average registered its fourth winning session on Monday, lifted by hopes over Fed rate cuts.
Shares advance; ANZ records 7 per cent cash profit decline in first half results; AGL upgrades earnings guidance; RBA cash rate decision at 2.30pm AEST. Follow updates here.
International Business News: Wall Street stocks finished a choppy session mostly lower while the dollar retreated Wednesday after the Federal Reserve's latest decision to hold int
U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.