U.S. equities finished Friday's session in the red, with the Nasdaq-100 tracking ETF $QQQ falling approximately 2.4% and the S&P 500 ETF $SPY declining about 1%. The broader market closed ahead of the weekend with limited futures activity expected through Sunday.
Key Market Moves from Friday
Multiple S&P 500 names touched fresh 52-week highs during the session despite the overall pullback. Among the standouts were $AAPL, $PANW, $SBUX, $BAC and several others across sectors.
Upcoming Earnings Spotlight
The coming week (July 20-24) brings a dense earnings calendar. Notable names scheduled to report include $TSLA, $INTC, $GOOGL, $NOW, $IBM, $GEV, $TXN and $HAL. Additional reports are expected from $T, $VZ, $CHTR, $AAL, $AXP and $GM.
Pre-market movers from Friday included results from $RF, $TFC, $FITB, $ALV and $TRV.
Other Headlines
- Accounting earnings remain solid but cash generation trends are showing signs of softening, according to recent analysis.
- The SEC is reportedly advancing a proposal that could reduce the frequency of quarterly earnings reporting.
- $AAPL is reportedly in early settlement discussions with the Department of Justice regarding an ongoing antitrust case.
With regular trading halted for the weekend, market participants will monitor any macroeconomic data releases and prepare for the earnings wave that begins in earnest next week. Futures markets are expected to remain relatively quiet until Sunday evening.
השורה התחתונה
The market closed lower on Friday with attention shifting to next week's heavy earnings lineup. No major surprises emerged over the weekend so far.
