U.S. Stock Indexes End Week Higher Despite Mixed July Performance; Amazon Rises, Apple Falls
The major U.S. stock indexes closed higher for the week on Friday despite mixed performances in July. The Nasdaq Composite rose by 1%, the S&P 500 gained 0.7%, and the Dow Jones Industrial Average added 0.5%. For the month, however, the Nasdaq fell 3.2% while the S&P slipped 0.1%, with only the Dow posting a modest gain of 0.3%. Amazon shares surged nearly 16% following strong cloud-computing results, but Apple's stock dropped by 7% due to weaker-than-expected services revenue. Microsoft and Meta also saw significant movements: Microsoft rose 3% after reporting better-than-expected earnings earlier in the week that added $450 billion to its market cap. Meanwhile, Meta rebounded more than 3% following a sharp decline on Thursday. Treasury yields hit their highest level since January 2025 at 4.75%, and oil prices rose amid Middle East tensions. GoDaddy was the worst performer in the S&P 500 Friday after issuing weaker-than-expected full-year guidance, with shares falling by 15%. The stock has lost about a third of its value since the start of the year. Bitcoin declined from overnight highs to around $62,900.
Tickers: $AAPL $AMZN $GDDY $META $MSFT
Topics: Amazon stock Apple stock Dow Jones Meta Platforms stock Microsoft stock Nasdaq Composite oil prices S&P 500 Treasury yields