The Aussie market strengthened today, ending a tumultuous week in which the US economy concerns and Europe's debt crisis dominated investor sentiment.

The two mining giants both ended the session higher; BHP put on 0.7% and Rio Tinto strengthened 1.6%.

Most of big four came off their earlier highs; ANZ lost 0.9% and CBA finished flat.

Newscorp was a star performer among the media stocks (+6.2%) following its strong 4Q profit result.

The ASX 200 climbed 32 points (+0.8%), settling at 4173. Despite the massive swings, the market actually rose 1.6% for the week.