Day traders' weekend lounge August 11 - 13

Thanks afternoon crew.

End-of-day wrap:

The share market edged to its fourth winning week in five despite a resources-led sell-off this afternoon.

The ASX 200 trimmed its gain for the week to a slender 15 points or 0.2% after falling 17 points or 0.24% this session. Most of the market's largest companies declined today. Woodside Energy, Fortescue Metals and Santos were the most significant drags among the heavyweights as the energy sector lost 2.03% and materials 0.52%.

Today's decline followed a reminder from RBA Governor Philip Lowe that the central bank may not be done with interest rate hikes. Lowe told a House committee further rate increases may be necessary to contain inflation.

Overnight, US stocks booked modest gains after a decline in core inflation sharpened hopes that rates are at a top. The S&P 500 rose more than 1% before closing just 0.03% higher. At the Australian close, S&P 500 futures were ahead 0.07%.



End of the week, so it must be near cocktail o'clock. This week's lounge special is a winter treat: a Cranberry and Rum Warmer. Recipe here.