In a week where Australian unemployment data came in significantly better-than-expected, the OECD upgraded' its outlook for both Australian and global economic growth in 2020, and the Federal Reserve also lifted its near-term outlook for the US economy, local shares could only muster a tiny gain. At the close of trade on Friday, the key benchmark index had gained 0.1% for the week, leaving the ASX 200 on 5,864.50 points.

Which shares excelled?

Online retailers Temple & Webster Group (ASX: TPW) and Kogan (ASX: KGN) had a standout week, surging 16.5% and 10.3% respectively. Both stocks have seen their gains multiply in recent months since the market rout in March, with each business seeing their sales grow significantly as consumers shift to e-commerce channels.In the case of Kogan, its September business update showed its largest-ever monthly increase in active customer numbers, while gross sales and gross profit grew by triple-digit figures yet again. Positive sentiment in the sector not only flowed through to TPW but also Redbubble (ASX: RBL), with the online global marketplace recording a large rise.Also exposed to the boom in digital payments, Tyro Payments (ASX: TYR) and Sezzle (ASX: SZL) performed strongly this week. Tyro latest weekly update showed ongoing growth in transaction values, with September activity tracking firmly above the same time last year.Despite the price of gold in Australian dollar terms remaining flat throughout the week, gold stocks got a major boost as investors sought out defensive holdings. Some of the biggest beneficiaries of the move were Perseus Mining (ASX: PRU), Northern Star Resources (ASX: NST), Evolution Mining (ASX: EVN) and Silver Lake Resources (ASX: SLR).News from Eagers Automotive (ASX: APE) regarding its property strategy and additional funding sent its shares higher, up 10.5% across the week. As part of its growth plans the company will acquire $105 million of assets to expand its property portfolio, while securing $225 million in funding from Toyota Financial Services and Volkswagen Financial Services to drive said strategy.Elsewhere, Corporate Travel Management (ASX: CTD) and Flight Centre (ASX: FLT) both performed well in light of easing travel restrictions across certain Australian states and territories, while other stocks which fared well this week included Blackmores (ASX: BKL), Scentre Group (ASX: SCG), Mesoblast (ASX: MSB) and Pointsbet (ASX: PBH).

Which shares dragged on the market?

Cleanaway Waste Management (ASX: CWY) was one of the worst-performing stocks this week, sinking sharply on negative media commentary. One media report in question cited allegations of misconduct in the workplace by the company CEO, which the Board discussed and took appropriate action. In an unrelated matter, the company CFO announced his retirement this week, with both pieces of news weighing on the stock. Shares in CWY dived 13.5%.Meanwhile, shares in Unibail-Rodamco-Westfield (ASX: URW) were pummelled as the company finally outlined its plans with respect to managing its capital structure moving forward. The shopping mall operator has signalled it will seek approval to conduct a ‚¬3.5 billion capital raise, while also making clear it will limit cash dividends over the next two years and complete ‚¬4 billion in asset disposals by year-end 2021.

Unlike Australian company law, the international business will first need to gain approval from shareholders at an extraordinary general meeting before it can determine final terms for the raise and proceed accordingly. This is expected to occur in Q4 2020, and likely prompted some shareholders to head for the exit given the uncertainty until such time.

Iron ore miners Fortescue Metals (ASX: FMG) and Mineral Resources (ASX: MIN) were hit hard this week as Morgan Stanley delivered a ratings downgrade to both stocks. Although the broker anticipates a somewhat buoyant iron ore price for some time yet, based on longer-term prices it put forward its belief that the two stocks have run ahead of expectations. Shares in the two companies sunk 5.5% each.Rounding out some of the other stocks that underperformed this week were Virgin Money UK (ASX: VUK), IOOF Holdings (ASX: IFL) and Costa Group Holdings (ASX: CGC).

We'll be back next week with another Weekly ASX Trading Wrap Up - until then, have a great weekend!