S&P/ASX 200 surges 3.7% after overnight bounce back on Wall Street

S&P/ASX 200 (INDEXASX:XJO) has surged 3.68% to 5930 at 12.44 pm after a three-session run of losses that wiped more than $125 billion from the benchmark index. All sectors are higher with the tech, property, consumer discretionary, and energy sectors each adding more than 4%. Overnight on Wall Street, the Dow Jones Industrial Average (INDEXDJX:.DJI) closed 0.62% higher while the S&P 500 Index (INDEXSP:.INX) gained 0.8% after the US Federal Reserve announced more measures to support the market. The Fed said on Monday that it would buy individual corporate bonds, marking a broader approach to corporate bond buying. Previously the US central bank indicated it would buy bonds on the primary market, but Monday’s announcement marked an expansion of that into the secondary market. Top gainers The big four banks played a key role in driving the ASX 200 higher with the Commonwealth Bank of Australia (ASX:CBA) gaining over 3.5%. Afterpay Ltd (ASX:APT) share price is continuing its remarkable run with the stock trading 9% higher at lunch. Other top gainers on the ASX today include Venus Metals Corporation Limited (ASX:VMC) (+14.71%), Kangaroo Island Plantation Timbers Ltd (ASX:KPT) (+9.88%), Ansila Energy NL (ASX:ANA) (+11.76%), Paradigm Biopharmaceuticals Ltd (ASX:PAR) (+12.92%), Argonaut Resources NL (ASX:ARE) (+14.29%), Ironbark Zinc Limited (ASX:IBG) (+25.00%) and Fe Limited (ASX:FEL) (+21.43%). Proactive news headlines: Venus Metals has win-win at Youanmi JV with exploration costs covered and strong results Venus Metals Corporation Limited (ASX:VMC) has elected for JV partner Rox Resources Limited (ASX:RXL) to cover all of its 30% exploration contribution to the OYG Joint Venture at Youanmi up until a decision to mine is made. The funding will be by way of a limited-recourse interest-free loan provided by Rox Resources for Venus' share of the ongoing costs. Auteco Minerals embarks on maiden diamond drilling at Canadian gold project with resource estimate upcoming Auteco Minerals Ltd (ASX:AUT) has embarked on a 5,000-metre, maiden diamond drill program at Pickle Grow Gold Project in Uchi sub-province of Ontario, Canada, targeting high-grade, shallow gold targets. This comes with the company on track for a maiden JORC 2012-compliant resource for Pickle Crow later this quarter. The drilling follows an extensive geological review of the project, focusing on the high-grade and underground mineable resource areas. Comet Resources ramps up Barraba Copper Project activities with project manager appointed Comet Resources Ltd (ASX:CRL) has ramped up activities at the Barraba Copper Project in NSW with its work plan for an on-ground exploration program nearing completion and the appointment of Mart Rampe as project manager. Rampe is a highly experienced geologist with around six years’ experience in minerals exploration and development, which includes grass roots exploration through to pre-mine development. TNT Mines higher on completing acquisition of high-grade US uranium-vanadium project TNT Mines Ltd (ASX:TIN) has completed the acquisition of a high-grade uranium-vanadium project in the prolific Dry Valley/East Canyon mining district of southeast Utah, USA. With the company’s acquisition of Vanacorp Aust Pty Ltd and wholly-owned US subsidiary Vanacorp USA LLC, TNT has a new asset in the East Canyon Uranium Vanadium Project along with a new director in Peter Woods. Pantoro's high-grade gold results extend depth of mineralisation at OK Underground Mine Pantoro Ltd (ASX:PNR) has received high-grade diamond drilling results from OK Underground Mine within the Norseman Gold Project in WA, extending the depth of defined mineralisation in the 02 lode below the 22 level. The initial phase of the program, in which around 7,586 metres of diamond drilling was completed, has focused on the central portion of the 02 lode. Jindalee Resources receives encouraging lithium test results from McDermitt Jindalee Resources Ltd (ASX:JRL) has received encouraging metallurgical test-work results from the McDermitt Lithium Project near the Nevada-Oregon border in the US. These tests have confirmed an increase in lithium head grade via screening, which the company described as significant. Lithium Australia's Soluna energy storage solution approved by Clean Energy Council Lithium Australia NL (ASX:LIT) and DLG Energy Co Ltd’s incorporated joint venture has had its Soluna battery energy storage systems approved by The Clean Energy Council (CEC), Australia’s peak body for clean energy. The JV, Soluna Australia Pty Ltd, has developed battery energy storage systems for residential applications including lithium-ion battery storage, a hybrid inverter and an advanced battery management system. CEC requires that all clean-energy products sold in Australia meet the highest international standards, which Soluna’s do.