Everyday Power- The Australian sharemarket is rallying for the fourth day, reaching a two-month high

The $S&P 500 Index(.SPX.US)$ rose 63.92 points, or 1.43%, to 4520.16, the technology-focused $Nasdaq Composite Index(.IXIC.US)$ climbed 269.23 points, or 1.93%, to 14191.84, and the $Dow Jones Industrial Average(.DJI.US)$ gained 349.44 points, or 1.02%, to 34707.94. All three indexes declined in the previous session as concerns about rising energy prices and supply shortages again rattled investors.

[AU Market Watch]

Following a solid lead from U.S. stocks, Australia's $S&P/ASX 200(.XJO.AU)$ appears increased at the open, putting the benchmark index to keep for a fourth straight gain, reaching a two-month high.

AU shares opened higher this morning. The $S&P/ASX 200(.XJO.AU)$ gained 0.26% 7406 as of 15:59 pm.

The $S&P/ASX 200(.XJO.AU)$ gained 1.53% during this week, $S&P/ASX 100(.XTO.AU)$ and $S&P/ASX 300(.XKO.AU)$ respectively gained 1.57% and 1.56%

The most famous three US stock indexes of $S&P 500 Index(.SPX.US)$, $Dow Jones Industrial Average(.DJI.US)$, and $Nasdaq Composite Index(.IXIC.US)$ are known worldwide. What are the main indexes for measuring Australian markets?

[Introduction to the Australian Securities Marke]

These new indices are the $S&P/ASX 100(.XTO.AU)$, the $S&P/ASX 200(.XJO.AU)$, and the $S&P/ASX 300(.XKO.AU)$. Among them, the $S&P/ASX 200(.XJO.AU)$ index (also known as the SPI) was officially released on April 31, 2000, and is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX. It is considered the most important index to measure the performance of the Australian stock market.

If you want to know more about Australian Securities Market, click the attachment.

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