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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid a period of intense anticipation for mega-cap results, US equity markets finished the week on a mixed note as growth stocks faced persistent selling pressure. According to reports, the Nasdaq index fell 0.64% driven by continued profit-taking in the technology sector, while investors pivot their focus toward a heavy earnings calendar next week featuring Apple, Microsoft, Amazon, and Meta. On the economic front, Canada's Industrial Product Price Index dropped 1.4% in June, marking its most significant monthly decline since July 2022.
This mixed performance reflects a shift in risk appetite as traders lock in gains from recent high-performers. Per market data, MSFT closed at $383.76 and META at $602.01 (as of July 24, 2026), while AAPL ended the session at $333.02. In other sectors, data showed V at $353.09 and XOM at $156.85, highlighting the divergence between technology shares and more traditional value sectors ahead of upcoming catalysts.
Traders are closely watching current levels, with AMZN closing at $233.15 (as of July 24, 2026) ahead of its quarterly report. Looking at the economic calendar, there are no major high-impact events scheduled for the immediate coming days, leaving the market's trajectory largely dependent on the performance and guidance of the mega-cap tech firms reporting next week.