Market Wrap / weekly win

The S&P/ASX 200 rose by a modest 0.15% during Friday's trade to 8360.90 points, and gained 0.2% over the course of the week.

The US-dependant tech sector advanced 0.8%, while the materials sector lost 0.7% as iron ore dropped below US$100.

However, uranium stocks surged amid reports the Trump administration is looking at facilitating the regulatory process for approving new nuclear reactors. Boss Energy rose 12.1%.

The banks also supported the local market, with the sector ending 0.6% higher at the end of the session. Bendigo Bank’s share price was flat however, as the lender posted a drop in third quarter cash earnings to $122.2 million.

The retailers finished in the green. Myer gained 5.4% as it flagged 2025 as a year of transition, while reporting improved sales in the past half. 

This weekend, the FOMC is due to release its financial stability report, ahead of the US GDP next week. Elders, Findi and Fisher & Paykel are among companies reporting next week.