Tech shares led the ASX 200 market sectors with a 3.85% increase over the five trading days last week.
Meanwhile, the benchmark S&P/ASX 200 Index (ASX: XJO) rose 0.88% to finish at 8,434.7 points on Friday.
Tariff turmoil continued last week after the US Court of International Trade blocked most of President Donald Trump's global tariffs.
The court ruled that Trump had misused the International Emergency Economic Powers Act to implement his tariffs.
The Trump administration appealed and the US Court of Appeals for the Federal Circuit quickly gave it a reprieve.
So, for now, the US tariffs remain in effect. You can view a complete list of the reciprocal US tariffs by country here.
Seven of the 11 market sectors finished in the green last week.
Let's recap.
Another strong result from Nvidia Corp (NASDAQ: NVDA) buoyed US tech stocks with a flow-on effect to ASX 200 tech shares.
Nvidia reported 1Q FY25 revenue of US$44.1 billion, up 69% year-over-year and up 12% from the previous quarter.
Nvidia dropped its report after the US market closed on Thursday morning.
On Thursday, the S&P/ASX 200 Information Technology Index (ASX: XIJ) lifted 0.69%.
That night, the US Nasdaq Composite Index (NASDAQ: .IXIC) lifted 0.38%.
Overall last week, the WiseTech Global Ltd (ASX: WTC) share price rose by 7.1% to close at $107.15 on Friday.
TechnologyOne Ltd (ASX: TNE) shares continued their upward momentum off the back of the company's 1H FY25 report.
The TechnologyOne share price rose by 6.35% to $41.06 per share last week. It reached an all-time high of $41.35 on Friday.
Life360 Inc (ASX: 360) shares soared 5.61% to $33.33 per share.
Megaport Ltd (ASX: MP1) shares lifted 4.81% to finish the week at $13.52.
Catapult Group International Ltd (ASX: CAT) shares soared 10.17% to $5.85 per share.
The Catapult share price hit a record of $5.88 on Friday. There was no news from the ASX 200 global sports data company last week.
The Siteminder Ltd (ASX: SDR) share price rose 5.26% to $4.60.
Gentrack Group Ltd (ASX: GTK) shares lifted 4.5% to $11.39 per share.
Appen Ltd (ASX: APX) shares ascended 4.35% to $1.20 apiece.
Here's how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Information Technology (ASX: XIJ) | 3.85% |
| Energy (ASX: XEJ) | 2.61% |
| Financials (ASX: XFJ) | 1.44% |
| Consumer Discretionary (ASX: XDJ) | 0.88% |
| Industrials (ASX: XNJ) | 0.87% |
| Healthcare (ASX: XHJ) | 0.65% |
| A-REIT (ASX: XPJ) | 0.57% |
| Communication (ASX: XTJ) | (0.06%) |
| Consumer Staples (ASX: XSJ) | (0.14%) |
| Materials (ASX: XMJ) | (0.21%) |
| Utilities (ASX: XUJ) | (0.68%) |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.