04:22 PM EDT, 07/24/2026 (MT Newswires) -- 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.