Market Wrap / Jackson Hole jitters

Mixed results and profit taking saw the S&P/ASX 200 slip 0.6% to 8967.40 points on Friday, after hitting a record high above 9,000 points during Thursday's session. Over the week, the market rose 0.3%.

Traders have also been wary ahead of Fed Chair Jerome Powell’s address at Jackson Hole tonight, which could spark volatility.Locally, eight of eleven ASX sectors closed in the red.

Consumer staples led the losses with Guzman y Gomez tumbling nearly 18.2% on a soft sale outlook, while Inghams lost 20.3% after its profit fell 10%. 

Zip surged 20.2%, buoyed by a 46% surge in US revenue and on plans for a potential NASDAQ secondary listing.

Qualitas grew fee-earning funds under management 28% to $8.7 billion and guided FY26 profit of $60–66 million.

Shares in Accent Group and Monash IVF plummeted after missing earnings estimates.Tonight, all eyes will be on Jackson Hole.  And next week it's the last full week of earnings with Woolworths, Wesfarmers and Qantas among those reporting.