The Australian sharemarket snapped a 10-session winning streak to inch lower in the final session of the week, as traders nervously awaited further clues to outlook for global interest rates expected over the weekend.

The S&P/ASX slipped just 3.1 points lower at the closing bell on Friday to end the week at 8023.9 points.

The market’s reversal on Friday followed a negative session on Wall Street, where the Nasdaq was the worst hit, falling 1.7 per cent. US markets pared gains ahead of speech from Federal Reserve chairman Jerome Powell at the central bank’s annual meeting at Jackson Hole in the US state of Wyoming.

“Markets have keenly waited all week for Powell to speak,” Commonwealth Bank economist Stephen Wu said. “He may choose to endorse or push back on the current market pricing for Fed rate cuts.”

Over the week, the ASX advanced 0.7 per cent or 58 points as investors cheered stronger-than-expected results from major listed companies including software player WiseTech, which finished the week up 28.1 per cent to a $40.2 billion valuation.

“We’ve seen quality [companies] come back hard,” said Ben Clark, noting WiseTech as one standout example of the week’s earnings reports.

“Stocks that have had a good run and controlled costs have kicked on: Light & Wonder, Goodman Group, [Afterpay-owner] Block. One of the best results I saw was CSL.”

That trend continued on Friday, with New Zealand-based healthcare group Fisher & Paykel rallying 11.9 per cent to $32.83 after upgrading its profit guidance to between $NZ320 million ($292 million) and $NZ370 million for financial 2025.

The worst performer of the day was poultry group Inghams. It shed 20.1 per cent to $3.09 after it warned of slowing volumes.

Elsewhere, Accent Group shares lost 15.3 per cent to $2.05, after the footwear retailer missed expectations with its profit report.

Finally, Mexican-themed fast-food chain Guzman Y Gomez rose 3.5 per cent to hit a record high of $34.71 ahead of the company’s much-anticipated results next week, which will mark the first earnings report since listing on the ASX in June.