US Stock Market Ends Week with Mixed Results Amid Earnings Reports
The week's market performance was mixed as investors balanced earnings and profit-taking. The Dow Jones Industrial Average rose by 235.04 points (0.45%) to 51,952.20, while the S&P 500 managed a modest gain of 3.68 points (0.05%) to 7,411.97. However, technology shares remained under pressure, with the Nasdaq Composite falling 161.87 points (-0.64%) and the Nasdaq 100 dropping -1.15%. The broader indices showed a different picture for the week, with the Dow losing -0.38%, the S&P 500 falling -0.61%, and the Nasdaq falling by a more pronounced -2.13%.
The bond market saw Treasury yields move lower across the curve, signaling a modest bid for fixed income as investors digested economic data and positioned ahead of another blockbuster week of earnings and the Federal Reserve decision on Wednesday. The 2-year yield fell to 4.337%, while the 10-year yield eased to 4.679%. In the currency market, the U.S. dollar was mixed, with the Australian dollar (+0.17%) and New Zealand dollar (+0.24%) rising due to stronger Flash PMI.
The economy's manufacturing sector showed a decline in July's Flash S&P Global PMI report, slipping to 53.8 from 53.9, missing the 54.3 forecast and marking a four-month low as inventory stockpiling faded and supply chain disruptions weighed on factory activity. However, the services PMI jumped to 53.6 from 51.2, well above the 51.5 estimate and its strongest reading since November 2025.