ASX 200 up 0.3pc to 3-week high in fourth straight rise as most sectors climb

Australia's stock market rises for a fourth day running, setting three week intraday and daily closing highs as gains in most sectors outweigh falls in iron ore miners. Morgan Stanley says Aussie bank share prices 'not justified'. IDP Education up on Macquarie upgrade. WiseTech's new buy. Nvidia hits record.

Commodity price falls are weighing on local stocks. Picture: Gaye Gerard

That's all from the Trading Day blog for Tuesday, January 7. The ASX 200 index ends up 0.3 per cent at a three-week high daily close of 8285.1 points on broad-based gains led by tech stocks. Iron ore miners continue to sag.

On Wall Street, the S&P 500 index rose 0.6 per cent and the technology-focused Nasdaq climbed 1.3 per cent, but the Dow Jones index closed flat.

Bitcoin is sitting just above $US101,000.

The Aussie dollar is trading around US62.48c.

Originally published as ASX 200 up 0.3pc to 3-week high in fourth straight rise as most sectors climb