The Australian sharemarket rallied on Thursday after the Dow Jones Industrial Average broke through 32,000 points for the first time and iron ore miners performed strongly. A2 shares were hammered as investors reacted to results.

Iron ore miners had a strong session, with BHP rising 3.3 per cent to end the day at a record closing high $50.45 a share. Fortescue Metals rose 3.1 per cent to $25.42 and Rio Tinto gained 1.9 per cent to $128.88.
It was an upbeat session for the big travel stocks.
Flight Centre added 8.9 per cent to $17.79. The virus-battered travel giant aims to break even this year assuming that domestic borders open permanently and some low-risk international corridors are unlocked. It swung to a first-half $233 million loss compared with a $22 million profit in the year-earlier period.
Qantas Airways rose 1.8 per cent to $5.10. The airline sank to a $1.1 billion interim loss having reported a $445 million profit in the previous corresponding period. Revenue dived 75 per cent to $2.3 billion in the six months ended December 31. Qantas did not pay a dividend.
In the previous session, Helloworld told the market it will make a profit in the first-half of financial 2022, and that it was going to sustain cash losses of $1 million to $1.5 million a month for the next six months.
Link announced PEXAs decision to consider an IPO. PEXA, should it list, is expected to be worth $2.5 billion or more, making it one of the biggest contenders in the IPO pipeline The Australian Financial Reviews Street Talk column says. Link shares added 2.3 per cent to $4.84.
The biggest rout on the market was The A2 Milk Company whose interim net profit fell 35 per cent after suffering a 16 per cent decline in sales. Its key daigou channel remains shaky in the wake of COVID-19 restrictions and the ASX-traded shares plunged 16.2 per cent to $8.76. It also slashed its full year guidance.
And Service Stream, which reported after-market on Wednesday, suffered a 21.4 per cent loss to close the day at $1.34. The company forecast the second-half result to be approximately in-line with the first-half, which it described as subdued upon reporting a 18 per cent fall in revenue to $409.9 million and net profit down 40 per cent to $16.2 million.
Small business lender Prospa has concluded its loan deferral program because of the improving economic and trading conditions in the wake of the COVID-19 crisis. The stock declined 2.4 per cent to 91¢.
ASX debutant Liberty Financial reported a maiden result and upgraded its full-year guidance. Its interim net profit rose 12 per cent to $83 million, and underlying net profit climbed 58 per cent to $117.7 million for the half. It now expects full-year profit of more than $200 million, up from $165 million. Liberty shares rose 1.2 per cent to $8.20.
Life360 rallied 19 per cent to $4.70 and increased its revenue despite the challenging pandemic environment. Revenue rose 37 per cent to $US80.7 million ($102 million), at the upper end of its guidance range, but it still reported a $US16.3 million loss. Life360 expects full-year underlying EBITDA loss of no greater than $US15 million.
Silk Laser Clinics now expects sales of between $82 million to $86 million for the full-year, an upgrade on its prospectus forecast of $81 million. It floated at $3.45 and the stock on Thursday added 5.4 per cent to end the session at $4.53.