Day traders' weekend lounge September 6 - 8

Thanks afternoon crew. Have a good weekend, all.

End-of-day summary:

The share market posted its first losing week in a month following a revival of recession fears on Wall Street as economic data pointed to a slowing economy.

The ASX 200 finished 79 points or almost 1% lower for the week despite a second straight rise today. The Australian benchmark put on 31 points or 0.39% this afternoon as a rally in the major banks offset declines in resource and tech stocks.

The key session this week was a 153-point tumble on Wednesday after a contraction in US manufacturing triggered a repeat of the August start-of-month recession panic on Wall Street. The market mood Stateside remained fragile for the rest of the week ahead of jobs data tonight that could either ease or inflame fears that the Federal Reserve has left it too late to start cutting interest rates.

Overnight, the Dow and S&P 500 finished lower as private-sector payrolls expanded by the smallest amount in three and a half years.