ASX rises in late rally; Kelsian soars on Go-Ahead exit; Link accepts fresh D&D offer

ASX rises in late trade led by tech rally. Telix surges on sales boom, Kelsian gains on Go-Ahead exit, Link accepts Dye & Durham bid and Woodside lags on 'disappointing' update.

Equity investors are digesting earnings reports and economic data for signs of slowdown. Picture: Gaye Gerard

Welcome to the Trading Day blog for Thursday, July 21. The Australian sharemarket rises in a late rally led by tech. It comes as Goldman Sachs recruits Joh Frydenberg and Dye & Durham tops Link bid to $4.81.

The S&P/ASX 200 closed 0.5 per cent higher to 6794.30.

On Wall Street, the technology-focused Nasdaq Composite Index climbed 1.6 per cent, the Dow Jones Industrial Average was 0.2 per cent higher and the S&P 500 gained 0.6 per cent.

US 10-year bond yields edged up to 3.03 per cent and two-year yields rose to 3.25 per cent, indicating economic pessimism among traders. New data on US home sales showed demand fell as prices soar.

Oil prices fell with global benchmark Brent crude down 0.4 per cent to $US106.92 per barrel, and the US Nymex is 1.9 per cent weaker at $US102.26 per barrel.

Iron ore futures price rose 0.9 per cent to $US104.10 per tonne.

The Aussie dollar is trading lower at US68.85c at the US close.