ASX200 rallies; MyDeal skyrocketed 20%; travel stocks dip on NSW lockdown

The Australian market is rallying today, trading 0.86% higher at 7,324 after lunchtime following a surge in tech stocks boosting the key index into positive territory.

The tech sector is following Wall Street?s lead today as the winning sector on the Aussie markets, boosted by Nuix surging over 5%, EML Payments adding more than 4% and Afterpay trading 3.7% higher.

Bitcoin is trading 0.92% higher in the last 24-hours at US$34,303.50 at 1:15pm AEST.

Online retailer MyDeal skyrocketed 20% in morning trade after releasing an update on its performance for the 2021 financial year including gross sales of $218.1 million, an increase of 111.1% on FY2020 results. Customer numbers also increased 83.1% to 894,225.

Making headlines, travel stocks are in the firing line today as Sydney extends its lockdown for another week amid growing numbers of daily COVID-19 infections. Qantas shares are down more than 1% while Flight Centre is down 1%.

And Amazon-backed, Rivian?s new electric pickup truck comes with the option of an entire kitchen that deploys out of the truck?s side, providing the full setup for camping adventures.