Aust stocks strengthen at open

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Local market rises after Wall St posts longest winning streak in 16 years overnight.

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Bill Johnstone,

How hopeless of you to include this comment today, when the market has bounced back up. Your standards of re[porting have slipped badly since the site changes. How disappointing.

IG analyst Evan Lucas said the only risk assets likely to see a bounce today were in the energy sector.

"As it is the end of the week, position reassessment will be in order, and after three days on the slide do not be surprised to see the Aussie market making it four in a row as investors cash out winning positions," he said.