Stocks Fall as Busy Earnings Week Wraps Up, Tech Giants Lead Earnings Recovery

Major market indexes dropped on Friday following a busy earnings week, with the Nasdaq down 0.6%, S&P 500 down 0.6%, and Dow down 0.5%.

This earnings season is pivotal, with US stocks looking to end their earnings recession and profits taking over from valuations as the market driver.

Tech is the market's biggest and best performing sector, with the "magnificent seven" leading the earnings recovery and justifying premium valuations.

Rates moved lower, with the 10-year Treasury yield falling to 4.93% and the 2-year yield falling to 5.11%.

The economic calendar is light on Friday with no major events taking place.