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Alphabet Inc. (Class A)

Alphabet Inc. (Class A)

$GOOGL
NASDAQTechnology

364 stories mentioning Alphabet Inc. (Class A)Updated 6h ago

Alphabet's Google announced a $1.5 billion 2026-27 expansion of its Alabama data center campus, funding its own power and infrastructure costs.

Equities

S&P 500 Posts Weekly Gain Amid AI Monetization Optimism

The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.Microsoft reported triple-digit AI annual recurring revenue growth and an accelerating Azure trajectory into the end of 2026, Dan Ives, global head of technology at Wedbush Securities, said in a note to clients. The software behemoth's quarterly results, which included Azure's full-year revenue surpassing $100 billion for the first time, reinforced the idea that "any knee-jerk reactions to the elevated capex framework represent strong buying opportunities," Ives said.Shares of Microsoft were up 22% this week.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.

S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER
Wire

Reddit to Overcome Search Pressure as Ads, AI Licensing Support Growth, Wedbush Says

Reddit (RDDT) should continue to grow despite weaker search traffic, helped by improving ad products, higher-value app users, stronger profits and potential AI licensing deals, Wedbush said in a note Friday.The recent drop in US daily active users appears temporary rather than a long-term problem, and Reddit is expected to gain more control over traffic by moving more users directly to its app, Wedbush said, adding that improving app retention, better feed recommendations and conversion of web visitors into app users should support daily user growth and stronger engagement over time.The investment firm raised its Q3 revenue estimate by 5%, citing continued improvement in advertising products and monetization after Q2 revenue came in 10% above consensus, expecting Reddit's ad business to remain a key growth driver as Reddit Max gains more advertisers and newer ad products help the company generate more revenue from its user base.Reddit is expected to retain bargaining power in future AI data licensing talks because its content remains useful for model training, with potential buyers extending beyond Alphabet's (GOOG, GOOGL) Google and OpenAI, according to the note.Wedbush cut its price target to $221 from $250 and maintained an outperform rating for Reddit while keeping it on the Best Ideas List.Price: $135.45, Change: $-42.60, Percent Change: -23.92%

$GOOG$GOOGL$RDDT
Amazon Shares Surge on Cloud-Driven Quarterly Beat; CapEx Outlook Raised
US Markets

Amazon Shares Surge on Cloud-Driven Quarterly Beat; CapEx Outlook Raised

Amazon.com (AMZN) shares were soaring early Friday after the e-commerce giant's second-quarter results topped Wall Street's views amid cloud-computing business strength, while the company lifted its capital expenditure guidance.Net income jumped to $5.75 a share for the June quarter from $1.68 a year earlier, Amazon said late Thursday. The consensus on FactSet was for $1.82. Net sales climbed 20% to $200.61 billion, surpassing the Street's view for $197.04 billion.The company's shares were up 11% in premarket activity Friday.Sales at the Amazon Web Services cloud-computing unit surged 37% to $42.23 billion, marking the fastest growth in 18 quarters. "Customers continue to increase cloud migrations and scale up their use of AWS core services," Chief Financial Officer Brian Olsavsky said during an earnings call late Thursday, according to a FactSet transcript. "As customers invest in (artificial intelligence), we see core spending increase in core consumption.""We've long believed AWS could become a few hundred-billion-dollar revenue business and now believe it'll be at least double that, and very possibly be a $1 trillion annual revenue business for us in time," Amazon Chief Executive Andy Jassy said on the call.For 2026, the technology giant now expects to spend roughly $220 billion in cash CapEx, up from its previous estimate of $200 billion, driven by the higher cost of memory, Jassy told analysts. "But even at that amount, we will still not have enough capacity to meet all the demand we have in 2026, and I believe this dynamic will also be true in 2027."Amazon expects to spend "a lot of CapEx and encounter free cash flow headwinds" in the short term amid strong demand for the development of data centers and before it can start monetizing from them, Jassy said on the call. "But as we get a few years out and the revenue growth outpaces the incremental CapEx growth, which will happen at some point, the resulting revenue, free cash flow and return on invested capital is very compelling."Second-quarter CapEx came in at $53.1 billion, while free cash flow was a negative $7.6 billion for the trailing 12 months, compared with an inflow of $18.18 billion a year earlier, mainly reflecting AI investments, according to the company.Recently, Microsoft (MSFT) said it anticipated CapEx in fiscal 2027 to increase year over year, with the metric to exceed $50 billion in its fiscal first quarter. Facebook and Instagram parent Meta Platforms (META) raised the lower end of its CapEx guidance. Alphabet (GOOG, GOOGL) shares came under pressure last week after the Google parent indicated rising AI capital spending that analysts said could drive a bigger cash burn than previously projected.Amazon delivered the "cleanest beat" among the hyperscalers within Wedbush Securities' coverage, while the e-commerce giant's management also provided the "most explicit walk through" of how it will achieve return on invested capital on its CapEx spend, the brokerage said Friday."This clean beat and walk through are the factors in our view on the different share reaction between (Alphabet) and (Amazon) on what we view as similarly strong fundamental prints with raises in CapEx," Wedbush said in a note to clients, as its increased its price target on the Amazon stock to $310 from $293 and reiterated its outperform rating.For the ongoing quarter, Amazon expects net sales between $197 billion and $202 billion, while the Street is looking for $202.76 billion. Excluding the impact of the company's Prime Day sales event in both 2025 and 2026, this year's September quarter year-over-year growth would be nearly 400 basis points higher, according to the company.

$AMZN$GOOG$GOOGL$META$MSFT
Asia Markets

Update: US Equity Indexes Surge as Microsoft Triggers Rebound in Chipmakers While Inflation Rate Falls in June

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes soared Thursday as semiconductors rebounded after Microsoft's (MSFT) quarterly results revealed evidence of AI monetization and a closely watched inflation gauge showed a decline for June.The Nasdaq Composite catapulted 2.8% to 25,122.18, the S&P 500 jumped 1.7% to 7,437.63, and the Dow Jones Industrial Average climbed 1.2% to 52,208.06.Technology was the standout gainer, up 5.2%, followed by consumer discretionary. Communication services, consumer staples, and health care led the decliners.Microsoft's intelligent cloud segment revenue surged 32% to $39.31 billion, buoyed by an astounding 43% growth in Azure and other cloud services. Analysts expected a 40% year-over-year advance in Azure sales. Shares of Microsoft shot up 16%, one of the top gainers in the S&P 500, Nasdaq, and the Dow."This was another standout quarter by Nadella & Co. with triple-digit AI [annual recurring revenue] growth and accelerating Azure trajectory into the end of FY26, reinforcing that any knee-jerk reactions to the elevated capex framework represent strong buying opportunities as Redmond's structural AI moat only widens from here," Dan Ives, global head of technology at Wedbush Securities, said in a note.Arm (ARM) shares rose 6.2% after the semiconductor group reported a fiscal Q1 beat for adjusted earnings and revenue.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. The deal could be announced as soon as today, the report said.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, advanced 6.9%, as chipmakers are major beneficiaries of AI-related spending. Among companies with a market capitalization of more than $200 billion, six of the top 10 gainers on Thursday were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.In economic news, the personal consumption expenditures, or PCE, price index fell 0.1% in June, as expected, cutting the year-over-year rate to 3.7% from 4.1%. The price index rose by 0.5% in May. The core PCE price index climbed 0.1% in June, below the 0.2% gain expected and following a 0.3% growth in May. The year-over-year rate dropped to 3.3% from 3.4%, according to the Bureau of Economic Analysis.An advance BEA reading of gross domestic product showed 1.5% growth in Q2, after a 2.1% increase in Q1 and missing the 2.0% gain forecast in a Bloomberg-compiled survey.US Treasury yields traded mixed, with the 10-year up 5.3 basis points to 4.68%.In precious metals markets, gold futures jumped 1.9% to $4,173.5, and silver futures advanced 2.5% to $59.53.The front-month US West Texas Intermediate was down 0.9% at $83.70 a barrel, while global benchmark North Sea Brent declined 1.8% to $89.15 a barrel.Late Wednesday, US forces completed a "heavy wave" of strikes against Iran in response to Tuesday's attempted missile attacks on US forces, according to CENTCOM. Meanwhile, the Islamic Revolutionary Guard Corps targeted US bases in Kuwait and Jordan following Washington's strikes on Iran, Al Jazeera, a Middle East broadcaster, reported, citing the IRGC.

Dow JonesNasdaq CompositeS&P 500$ARM$GOOG$GOOGL$MS$MSFT$SMH
Sectors

Sector Update: Tech Stocks Sharply Higher Late Afternoon

Tech stocks were sharply higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 5.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing up 7.3%.The Philadelphia Semiconductor index popped 8.3%.In corporate news, Microsoft (MSFT) shares jumped past 16% after the company reported higher-than-expected fiscal Q4 results in the previous day.ASE Technology (ASX) shares climbed 10% after the company's Q2 earnings and revenue exceeded expectations.Meta Platforms (META) shares fell nearly 9% after it provided a soft Q3 revenue outlook following an unexpected year-over-year decline in quarterly earnings. Meta also raised the lower end of its capital expenditure guidance.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported. Alphabet's (GOOGL) Google would provide financial guarantees and chips for the project. Alphabet shares were down 0.7%.

$ASX$GOOGL$META$MSFT
Sectors

Sector Update: Tech

Tech stocks were sharply higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 5.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing up 7.3%.The Philadelphia Semiconductor index popped 8.3%.In corporate news, a consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported. Alphabet's (GOOGL) Google would provide financial guarantees and chips for the project. Alphabet shares were down 0.7%.

$GOOGL
Wire

Market Chatter: Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center

A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter.Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. The deal could be announced as soon as today, the report said.Morgan Stanley and Nexus Data Centers -- the developer -- did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $209.57, Change: $+6.44, Percent Change: +3.17%

$AMZN$GOOG$GOOGL$MS
Wire

Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center, The WSJ Reports

Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center, The WSJ Reports

$AMZN$GOOG$GOOGL$MS
Commodities

Commonwealth Fusion Systems Secures $1 Billion in Equity Funding Round

Commonwealth Fusion Systems said Thursday it has raised $1 billion in fresh equity financing to accelerate commercialization, specifically supporting the final assembly of its Sparc fusion demonstration machine in Devens, Massachusetts.The new funding brings its total capital raised to $4 billion.The company already submitted an interconnection application to PJM Interconnection. CFS remains on track to deliver commercial fusion power to the grid in the early 2030, it added.This timeline is further underpinned by strategic partnerships and power purchase agreements with major buyers, including Dominion Energy (D), Google (GOOG), and Eni (E).

$D$E$GOOGL
Sectors

Sector Update: Tech Stocks Decline Late Afternoon

Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) shedding 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 3.3%.The Philadelphia Semiconductor index dropped 3.7%.In corporate news, Microsoft-backed (MSFT) OpenAI's ChatGPT is nearing 1 billion weekly active users, The Information reported. OpenAI originally targeted to hit the milestone by the end of last year, the report said. Microsoft shares were up 0.5%.Vertiv (VRT) shares fell nearly 17% after the company's Q2 revenue increased year on year but missed analysts' estimates.Alphabet's (GOOGL) Google DeepMind has dismantled the team behind its Nobel Prize-winning AlphaFold AI system, reassigning most researchers to Gemini-related projects and other scientific initiatives as it shifts its research strategy, the Financial Times reported. Alphabet shares added 0.7%.Cognizant Technology Solutions (CTSH) shares jumped 12% after it reported higher Q2 adjusted earnings and revenue.

$CTSH$GOOGL$MSFT$VRT
Wire

Update: Market Chatter: Alphabet's Google DeepMind Disbands AlphaFold Team as AI Strategy Shifts Toward Gemini

(Updates to add Google DeepMind's response in the fifth paragraph.)Alphabet's (GOOG) Google DeepMind has dismantled the team behind its Nobel Prize-winning AlphaFold artificial intelligence system, reassigning most researchers to Gemini-related projects and other scientific initiatives as it shifts its research strategy, the Financial Times reported.The report said many AlphaFold researchers have moved to projects involving Google's Gemini large language model, enzyme design, nuclear fusion and genomics, while others joined Alphabet's drug discovery unit, Isomorphic Labs.DeepMind told the Financial Times that the changes reflect a broader strategy of building Gemini-powered systems that can assist scientists and automate parts of scientific research while competing with OpenAI and Anthropic in frontier AI.According to the report, AlphaFold will continue to be developed despite the restructuring, with its research integrated into DeepMind's broader scientific and artificial intelligence programs rather than managed by a dedicated team.A Google DeepMind spokesperson toldin an emailed response that many of its researchers behind AlphaFold continue to drive scientific and technological advances across Google, Google DeepMind, and Isomorphic Labs.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $331.35, Change: $-1.25, Percent Change: -0.38%

$GOOG$GOOGL
Meta Partners With BlackRock Over $14 Billion Data Center Project
US Markets

Meta Partners With BlackRock Over $14 Billion Data Center Project

Meta Platforms (META) and asset manager BlackRock (BLK) have teamed up to develop a data center campus in El Paso, Texas, at a cost of roughly $14 billion, the companies said Tuesday.Technology giants are ramping up investments to support their artificial intelligence initiatives. Meta is targeting capital expenditures of $125 billion to $145 billion this year, including for data center buildouts.The Facebook and Instagram parent said Tuesday it will invest more than $10 billion in the El Paso facility.Meta intends to use the entire data center campus under an initial four-year lease agreement, with a maximum lease term of 20 years, according to a joint statement.The partnership "allows us to move faster and at greater scale -- pairing our deep expertise in designing and operating world-class data centers with one of the world's leading infrastructure investors," Meta Chief Executive Mark Zuckerberg said.BlackRock-managed funds will own an 80% interest in a venture to be formed with Meta, which will take the remaining 20% stake in it."Companies around the world are looking for long-term strategic partners to help develop their most important projects, and BlackRock is built to meet that need," BlackRock CEO Larry Fink said.Meta, along with Alphabet (GOOG, GOOGL), Amazon.com (AMZN) and Microsoft (MSFT), are expected to spend $650 billion in capex, compared with $410 billion last year, asset management firm Bridgewater Associates said in February.Some companies have sought financing for their AI initiatives, like CoreWeave (CRWV), which in March announced an $8.5 billion loan facility to expand its AI cloud platform.Meta and BlackRock expect to close the deal in the coming days, with an aim to start capacity deployment in 2028.The announcement comes ahead of Meta's second-quarter results, due out after market close on Wednesday. Shares of Meta were flat intraday Tuesday, while those of BlackRock advanced by 3.2%.Price: $592.89, Change: $-0.98, Percent Change: -0.17%

$AMZN$BLK$CRWV$GOOG$GOOGL$META$MSFT
Wire

Alphabet's YouTube Premium to Expand Peacock Access

Alphabet's (GOOG, GOOGL) YouTube is expanding its partnership with Comcast's (CMCSA) NBCUniversal, with eligible YouTube Premium subscribers in the US soon gaining access to the ad-supported tier of Peacock Premium.Subscribers will be able to stream a larger lineup of live sports, Universal movies and original series through Peacock, YouTube said Monday in a statement.The companies also plan to introduce international bundles and upgraded Peacock plan options.NBCUniversal said in a statement the broader agreement extends its multiyear distribution partnership with YouTube TV and will also expand the reach of its international streaming services Universal+ and Hayu in select markets.Alphabet shares rose 2.3% in Monday trading, and Comcast gained 3.9%.Price: $326.44, Change: $+7.35, Percent Change: +2.30%

$CMCSA$GOOG$GOOGL
Wire

Citic Securities Adjusts Price Target on Alphabet to $434 From $430, Maintains Buy Rating

Alphabet (GOOGL) has an average rating of buy and mean price target of $429.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $328.26, Change: $+8.51, Percent Change: +2.66%

$GOOG$GOOGL
Asia Markets

US Equity Investors to Focus on Mag-7 Earnings, Fed Policy Statements This Week as Halted Iran Strikes Make Way for Diplomacy

US equity investors will focus on big-tech earnings, inflation, and the Federal Reserve policy meeting this week amid a pause in Middle East hostilities.* Four Magnificent-7 giants will be key among quarterly results due this week. Results from Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon.com (AMZN) will be closely monitored as investors look for more evidence justifying AI-related capital expenditure reportedly exceeding $800 billion this year. Alphabet (GOOG, GOOGL) and Tesla's (TSLA) shares slumped last week after the duo announced negative free cash flows.* Over a quarter of S&P 500 constituents have reported Q2 financial results through Friday, according to a Sunday note from DA Davidson. Earnings have increased by almost 69% year-over-year, ahead of the consensus of more than 23% as of June 30. "Most of this outperformance is being skewed by a handful of semiconductor stocks that have reported large Y/Y figures, as well as GOOGL, which reported huge growth driven primarily from investment gains in SpaceX and Anthropic," per the note.* In addition to the Fed's July policy meeting and Chair Kevin Warsh's press conference, investors will focus on macroeconomic data due this week, including the personal consumption expenditures price index, or PCE, the advance read on Q2 gross domestic product, durable goods orders, and the University of Michigan's consumer sentiment and inflation expectation prints.* US and Iran strikes have paused after nearly two weeks of nightly bombing by the American military and Iranian attacks on US allies, CNN reported Monday. Mike Waltz, the US ambassador to the United Nations, said in interviews Sunday that President Donald Trump is giving talks "some space" to develop after diplomatic efforts ramped up over the past few days.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$META$MSFT$TSLA
Research

Phillip Securities Upgrades Alphabet to Buy From Accumulate, Adjusts PT to $425 From $450

Alphabet (GOOGL) has an average rating of buy and mean price target of $430.05, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$GOOG$GOOGL
Equities

S&P 500 Posts Weekly Decline Amid Mixed Earnings, US-Iran Turmoil

The Standard & Poor's 500 index shed 0.6% this week amid mixed corporate earnings and continued worries about the US-Iran war.The S&P 500 ended the week at 7,411.98, posting a second consecutive weekly decline. The index is down 1.2% for the month but up 8.3% for the year.Pakistan is exploring a path toward a resumption of stalled talks between the US and Iran over ending the war, following a push initiated by China, Reuters reported, citing sources, on Friday. Axios a day earlier said in a report that US President Donald Trump was seriously considering a "massive attack" on Iran but didn't give a deadline for his decision.Earnings were mixed as Intel (INTC) reported a Q2 beat for adjusted earnings and its strongest revenue growth in 15 years, driven by a 59% surge in the data center and artificial intelligence unit. American Express (AXP) and Verizon Communications (VZ), however, both disappointed with weaker-than-expected Q2 revenue.The S&P 500's weekly loss came on declines in just three of its 11 sectors. Communication services had the largest percentage drop, falling 6.2%, followed by a 6.1% decline in consumer discretionary and a 1.4% slip in consumer staples.Google parent Alphabet (GOOG, GOOGL) weighed down communication services, falling 7.8%. The European Commission fined the company's Google 890 million euros ($1.04 billion) for violating the Digital Markets Act by self-preferencing in Google Search and anti-steering practices on Google Play.T-Mobile US (TMUS) was also among the hardest-hit stocks in communication services, falling 6.4%. The company's second-quarter earnings unexpectedly increased year over year, but revenue fell short of market estimates as the wireless network operator's postpaid net account additions declined annually.Tesla (TSLA) tumbled 17%, marking the largest weekly percentage loss in both the consumer discretionary sector and the overall S&P 500. The electric vehicle manufacturer reported a steeper-than-expected drop in Q2 adjusted earnings per share.On the upside, the energy sector rose 3.8% on the week, boosted by higher energy prices amid the turmoil in the Middle East. Utilities also rose, climbing 2.5%, followed by gains of more than 1% each in industrials, real estate and materials. Health care, technology and financials also eked out gains.SLB (SLB) was among the energy sector's top gainers, climbing 11%. The company reported Q2 adjusted earnings per share and revenue above analysts' mean estimates.Next week's earnings calendar features many large companies including Visa (V), Coca-Cola (KO), Boeing (BA), United Parcel Service (UPS), Microsoft (MSFT), Meta Platforms (META), Procter & Gamble (PG), Apple (AAPL), Amazon.com (AMZN), Mastercard (MA), Exxon Mobil (XOM), AbbVie (ABBV) and Chevron (CVX).Economic data will include reports on June wholesale and retail inventories, as well as June consumer spending and the June Personal Consumption Expenditures price index. The US Federal Open Market Committee will gather for a two-day meeting that concludes on Wednesday when members will announce a decision on interest rates.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$SLB$TMUS$TSLA
Asia Markets

US Equity Indexes Fall This Week as Mag-7 Disappoint Bulls, Treasury Yields Jump With Crude Oil Amid Houthis' Red Sea Attacks

US equity indexes fell this week as quarterly results from Magnificent-7 stalwarts failed to lift markets, while soaring crude oil prices lifted government bond yields and fueled expectations of monetary policy tightening this year.* The S&P 500 closed at 7,411.98 on Friday versus 7,463.83 a week ago. The Nasdaq Composite stood at about 24,975.82, compared with 25,538.79 a week earlier. The Dow Jones Industrial Average ended at 51,947.25, versus 52,214.63 at the end of last week.* Alphabet (GOOG, GOOGL) raised its 2026 CapEx outlook by $15 billion to accelerate AI-related demand and reported a negative free cash flow of $5.9 billion in Q2. The stock slumped 7.8% this week.* Tesla (TSLA) reported an unexpected year-over-year decline in Q2 adjusted earnings, and its CapEx surged to $8.28 billion in H1 from $3.89 billion a year ago. Shares sank 18% this week.* Brent crude oil futures blew past the $100 mark this week for the first time since the now-defunct ceasefire deal was signed in June. The US has struck Iran for 13 straight nights to neutralize threats to maritime traffic in the Strait of Hormuz. Meanwhile, President Donald Trump warned Washington will "punish" Tehran if its allies in Yemen, the Houthi rebels, continue targeting cargo shipments in the Red Sea chokepoint.* The US 10-year Treasury yield traded at 4.68% late Friday after touching its highest in a year this week as surging crude oil sparked inflation concerns. The two-year yield also hit a 52-week high this week, heading for a close at around 4.34%.* Next week, the probability of the Federal Reserve raising interest rates by 25 basis points rose to 38% from 13% a week ago, the CME FedWatch tool showed Friday. The likelihood of an increase of the same magnitude jumped across September, October, and December, a departure from last week when soft inflation prints lowered the probabilities of a policy tightening.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$TSLA
Sectors

Sector Update: Tech Stocks Decline Friday Afternoon

Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 4.3%.The Philadelphia Semiconductor index shed 2.7%.In sector news, President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta (META), Amazon.com (AMZN) and Alphabet's (GOOGL) Google. "The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.In corporate news, Qualcomm (QCOM) told customers it is raising prices by a percentage in the double digits, Bloomberg reported, citing a copy of a letter it viewed. Qualcomm shares were down 1.4%.Oracle (ORCL) has secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense. Oracle shares were down 1%.Amkor Technology (AMKR) shares fell 0.5%. The company said late Thursday it has launched a multiyear partnership with Nvidia (NVDA) to develop semiconductor packaging and test technologies for AI and accelerated computing platforms.

$AAPL$AMKR$AMZN$GOOGL$META$ORCL$QCOM
Wire

Trump Administration Opening Section 301 Probe Into EU Over Tech Company Fines

President Donald Trump said Friday on Truth Social his administration is opening a Section 301 investigation into the EU over fines it has levied against companies including Apple (AAPL), Meta Platforms (META), Amazon.com (AMZN) and Alphabet's (GOOG, GOOGL) Google."The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about," Trump said.The companies didn't immediately reply to a request for comment from.Price: $332.47, Change: $+10.81, Percent Change: +3.36%

$AAPL$AMZN$GOOG$GOOGL$META

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