Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition.
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Wall Street Breakfast
Up for a challenge? Test your knowledge on the biggest events in the investing world over the past week. Take the latest Seeking Alpha News Quiz and see how you stack up against the competition.

Wall Street’s major averages saw a second week of losses tied to higher oil prices and struggling technology stocks after some of the biggest names reported earnings.

Some of the big tech stocks that posted earnings reports included Alphabet (GOOGL), (GOOG), Tesla (TSLA), Intel (INTC), and International Business Machines (IBM), among others.

Tesla (TSLA) was among the tech companies that saw big losses—dropping almost 18% this week—as tension in the Middle East and new imposed new tariffs drove a selloff. The company posted a miss in EPS and a beat in revenue.

In addition, Alphabet (GOOGL), (GOOG) declined almost 10.5% this week despite an overall positive earnings report.

President Donald Trump imposed an new 50% levies on certain Canadian goods as retaliation for "discriminatory treatment of American products," according to the White House.

Regarding geopolitics, the U.S. launched airstrikes targeting Iran in retaliation for an attack in Jordan that killed two American service members.

Trump also said he might resume major military operations in the Middle East. He said he was deciding whether to authorize “a massive attack, bigger than ever before” but had not reached a final decision.

Crude oil futures (CL1:COM) dramatically rose 9.6% this week to settle around $90.42 as of post-market Friday. Brent futures (CO1:COM) also jumped 11.6% to $98.34 per barrel, after having surpassed $100 mid-week.

In economic news, the year-ahead business inflation expectations eased in July, while the U.S. PMI Composite rose to 53.6 in July, vs. 54.2 consensus, according to preliminary data released by S&P Global.

For the week, the S&P (SP500) lost 0.6%, while the tech-heavy Nasdaq Composite (COMP:IND) was 2.1% lower, and the blue-chip Dow (DJI) dropped 0.4%. Read a preview of next week's major events in Seeking Alpha's Catalyst Watch.

Aviation
Seeking Alpha
Airbus (EADSF) has provided a timeline for its next narrow-body aircraft, while Boeing (BA) believes it needs more time to get its finances in order before rolling out a new jet. But their customers are more concerned about getting their deliveries on time. Despite many airlines' need to renew their fleets, the Farnborough Airshow ended up being fairly muted this year. Read more.
Seeking Alpha's Calls Of The Week
Nebius (NBIS): The Buy On Meltdown Moment Is Finally Here

I Was Wrong About Johnson & Johnson (JNJ): Upgrading To Hold

Broadcom (AVGO): Why We Keep Loading Up At ATHs

Meta (META): My Concerns Have Finally Alleviated

Spire (SR): Strong Buy - Baffled Utility Investors Create Opportunity

Utz Brands (UTZ): The Buy Thesis Has Played Out - It's Time To Exit

AGCO (AGCO) Is Finally Cheap Enough To Justify An Upgrade

Western Midstream (WES): High Single-Digit Growth Appears Likely In 2027

Block (XYZ): The Margin Story Is Real, But The Stock Has Caught Up

PayPal (PYPL) Acquisition: Daylight Robbery That Won't Fly (Rating Upgrade)

Weekly Movement

U.S. Indices

Dow -0.4% to 51,947. S&P 500 -0.6% to 7,412. Nasdaq -2.1% to 24,976. Russell 2000 -1.1% to 2,930. CBOE Volatility Index -1% to 18.58.

S&P 500 Sectors
Consumer Staples -1.4%. Utilities +2.5%. Financials +0.1%. Telecom -6.2%. Healthcare +0.8%. Industrials +1.8%. Information Technology +0.4%. Materials +1.2%. Energy +3.8%. Consumer Discretionary -6.1%. Real Estate +1.5%.

World Indices
London +1.3% to 10,736. France +0.4% to 8,372. Germany +1.1% to 25,099. Japan +0.7% to 64,611. China +1.3% to 3,814. Hong Kong +1.6% to 24,963. India -2.7% to 76,060.

Commodities and Bonds
Crude Oil WTI +5% to $85.88/bbl. Gold +0.9% to $4,055.7/oz. Natural Gas -1% to 2.883. Ten-Year Bond Yield -0.2 bps to 4.679.

Forex and Cryptos
EUR/USD -0.62%. USD/JPY +0.9%. GBP/USD -0.97%. Bitcoin -1.3%. Litecoin -1.7%. Ethereum -0.2%. XRP -0.1%.

Top S&P 500 Gainers
Super Micro Computer (SMCI) +24%. Westinghouse Air Brake Technologies (WAB) +15%. Lockheed Martin (LMT) +15%. Digital Realty Trust (DLR) +14%. International Paper (IP) +12%.

Top S&P 500 Losers
Tesla (TSLA) -18%. Rollins (ROL) -15%. Moderna (MRNA) -13%. MSCI (MSCI) -12%. C.H. Robinson Worldwide (CHRW) -11%.

Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section.

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