Day traders' weekend lounge August 9 - 11

Thanks afternoon crew. Here comes the weekend - woo-hoo!

End-of-day summary:

A week that began with the share market's worst day since the pandemic ended on the upswing after a Wall Street rebound overnight bolstered hopes that the worst of the recent turmoil has passed.

The ASX 200 rallied 96 points or 1.25% this afternoon to its third gain in four days. However, the damage on Monday was severe enough to leave the index 166 points or 2.08% lower for the week.

Traders piled back into risk assets this session after Wall Street's strongest session since November 2022. The S&P 500 soared 2.3% as retreats in the Japanese yen and US jobless claims alleviated market worries about two issues: the yen carry trade and the health of the US economy.

Tech stocks outperformed on the ASX, lifting 3.08% following a trading update from Life360. Also notably strong were gold miners, REITs and spec stocks.