The Australian sharemarket is on track to break a four-week losing streak, with the S&P/ASX 200 edging up 0.1 per cent to 8626.80 by mid-afternoon. The benchmark is positioned to finish the week 2.5 per cent higher, marking its longest run of daily gains since May.

The Australian sharemarket held marginally higher on Thursday afternoon, lifted by strength in the technology sector but constrained by weakness in energy names. The S&P/ASX 200 inched up 3.2 points, or less than 0.1%, to 8609.7 by mid-afternoon, with seven sectors in positive territory.

The Australian sharemarket rebounded from a six-month low on Monday, lifted by strength across industrials, technology and healthcare. The S&P/ASX 200 rose 1.2 per cent to 8514.40 by mid-afternoon, recovering after nearly $40 billion was wiped from the index late last week amid fading US rate-cut expectations.

The Australian sharemarket is poised for a fourth straight weekly decline, with the S&P/ASX 200 sliding 1.5 per cent, or 128.5 points, to 8424.20 by mid-afternoon Friday. November losses have now reached 5 per cent, setting the benchmark on track for its weakest month since September 2022.

Global markets were steady but cautious this afternoon as investors weighed stretched tech valuations and upcoming US data. The ASX followed suit, trading in a tight range as weakness in local tech offset strength in gold and energy names. Turnover remained light, with traders preferring defensive sectors while awaiting clearer signals on rates and global earnings.

The Australian sharemarket steadied near a six-month low on Wednesday, with modest gains in resources offset by continued weakness in the major banks. The S&P/ASX 200 inched up 0.1 per cent, or 5.4 points, to 8474.50 by midday AEDT, as investors remained cautious ahead of Nvidia’s closely watched earnings due Thursday morning.