Day traders' weekend lounge January 5 - 7

Thanks afternoon crew. That's me over and out for a week. Off to the beach for some R'n'R.We have a strong team lined up to launch the threads next week. Thanks again to the volunteers, @speckledjim1, @JustBrowsing and @RubyRuby01.

Look after the place. Keep ducking and diving. Don't let the pumpers take your money. See you on Jan 15.

End-of-day summary:

A challenging start to the new year for global markets handed the ASX its first weekly loss since November as traders booked profits from last year's rally and reassessed the outlook for interest rate cuts.

A holiday-shortened week that started with a near all-time high for the ASX 200 was ultimately defined by two solid falls through the middle as Wall Street struggled to maintain last year's momentum. A five-point or 0.07% drop this session extended the ASX 200's loss for the week to 101 points or more than 1.3%.

A rebound in the big banks from two days of losses helped limit the index's loss this session. Index heavyweight CBA rallied 1.35%, Westpac 0.97% and NAB 0.33%. Newmont, Transurban and CSL were also strong as the major iron ore miners pulled in the opposite direction.

Tech stocks also dragged after the Nasdaq rang up its longest losing streak since October 2022. The US benchmark sagged 0.56% overnight to a fifth straight loss.