Volatile Week for Equity Markets | Closing Bell

Market Trends & Performance - S&P 500 closed down approximately 0.2% on the day but remained up about 0.3% for the week, coming off a record high [5] - Russell 2000 outperformed major indices, adding about 16 points or 0.5% on Friday afternoon and up 1.1% on a weekly basis [6] - About 85% of S&P 500 companies reporting earnings beat profit expectations, marking one of the strongest seasons in several years [3] - Two-year Treasury yields increased slightly by about 2 basis points, while 30-year yields rose 4 basis points to 5.2530% [21][22] Company & Sector Highlights - Reddit shares surged, jumping over 16% intraday and finishing with a 12.5% gain, ahead of joining the S&P 500 prior to trading on August 18th [9][10] - SanDisk emerged as a top performing stock, rising about 9% at its highs and closing with a 7.4% gain, backed by a JPMorgan overweight rating and a price target of $2,250 per share (representing a 47% increase from the last close) [11][12][13] - Unusual Machines shares rallied about 24% and are up about 160% year-to-date following the U.S. government announcement of a 100% tariff on unmanned aircraft systems and related component imports [14][15] - Oracle shares fell 3.8% (down as much as 4.8%) after reports emerged that a New Mexico natural gas pipeline project supplying power generation for its Jupiter data center was delayed by nearly 6 months [15][16] - Applied Materials shares fell 5% following a tepid investor reaction to earnings forecasts, despite shares rising more than 100% heading into the print [17] - QXO shares fell 2.6% after reporting residential and non-residential roofing revenues that missed average analyst estimates [19]