Live Markets: Tech spoils the party ahead of a hectic week

Colgate-Palmolive

24/07/2026 21:17

S&P 500 inches higher; Dow gains; Nasdaq drops
Real estate biggest S&P gainer; Tech sole loser
Dollar ~flat; bitcoin down >1%; U.S. crude down >2%; gold edges up
U.S. 10-year Treasury yield dips to ~4.68%
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TECH SPOILS THE PARTY AHEAD OF A HECTIC WEEK
U.S. stocks spent Friday's session trying, mostly unsuccessfully, to coax buyers back to the fold following Thursday's tech-led rout. 
But as big tech companies failed to clear lofty earnings expectations to investors' satisfaction, while elevated oil prices amid escalating hostilities in the Middle East stoked inflation fears, the big comeback never materialized.
The Dow Jones Industrial Average .DJI rose 235.6 points, or 0.46%, to 51,947.25; the S&P 500 .SPX gained 3.68 points, or 0.05%, to 7,411.98 and the Nasdaq Composite .IXIC lost 161.87 points, or 0.64%, to 24,975.82. 
All three indexes logged weekly losses, with consumer discretionary .SPLRCD and communication services .SPLRCL suffering the worst of it, ending 6.9% and 4.6%, respectively, below last Friday's closing levels.
Energy stocks .SPNY were the week's clear winners, jumping 3.7% on the week with a boost from rising oil prices amid growing war-related supply concerns. Over the last three weeks, WTI crude has jumped over 30%.
One reason for Friday's lack of conviction could be investor reticence to take a bold stand ahead of the week to come.
Next week promises to be a humdinger, with earnings, economic data and a Fed rate decision all expected to jostle for attention.
Second-quarter earnings season will shift into overdrive, with Meta META.O, Apple AAPL.O and Amazon.com AMZN.O claiming top billing.
But a host of other names, including Ford F.N, Visa V.N, UPS UPS.N, Boeing BA.N, Procter & Gamble PG.N, General Dynamics GD.N , Colgate-Palmolive CL.N, Exxon Mobil XOM.N and Chevron CVX.N are also expected to step up to the plate.
On the economics front, the Commerce Department's PCE and GDP reports will share the spotlight, with durable goods, advance trade/inventories, home price growth, consumer confidence, consumer sentiment, Chicago PMI and Q2 employment costs rounding out the cast.
And, of course, the Fed convenes for Kevin Warsh's second monetary policy meeting as chair, wherein a generally stable labor market will force the central bank to contend with a worsening inflation picture.
Financial markets are currently baking in a growing but still-unlikely 37.9% probability that Warsh & Co. will wrap up the meeting with a 25-basis-point interest rate hike.
Here's your closing snapshot: 
(Stephen Culp)
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EARLIER ON LIVE MARKETS:
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MAG 7 INVESTORS LOOK FOR AI SPENDING DISCIPLINE CLICK HERE
TGIF DATA: FLASH PMI, NEW HOME SALES CLICK HERE
US STOCKS SHOW LITTLE CONVICTION OUT OF THE STARTING GATE CLICK HERE
NASDAQ COMPOSITE TESTS BULLS' RESOLVE AFTER SHARP TECH-LED SELLOFF CLICK HERE
LUXURY STOCKS TO BENEFIT FROM TEPID CHINESE GROWTH? CLICK HERE
CHINA CAN CUSHION THE ENERGY SHOCK FOR MONTHS CLICK HERE
PREDICTION MARKET VOLUME TO HIT $1.5 TRILLION BY 2030, SAYS MACQUARIE CLICK HERE
BULLISH ON BONDS AS ECB MARKET PRICING IS TOO HAWKISH — UBS CLICK HERE
THE OIL MARKET'S BUFFERS ARE STARTING TO THIN CLICK HERE
DIP IN OIL HELPS EUROPEAN STOCKS CLICK HERE
EUROPE BEFORE THE BELL: EVERYTHING EVERYWHERE ALL AT ONCE CLICK HERE
MORNING BID: OIL BATTERS BONDS AS AI BURNS CASH CLICK HERE
     

Closing snapshot https://www.reuters.com/graphics/USA-STOCKS/akverxawzpr/closer.png
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