Stocks Fall as Tech Earnings Loom and Solar Company Plunges on Europe Woes
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Stocks closed lower amid high Treasury yields and upcoming big tech earnings reports. The S&P 500, Dow, and Nasdaq all posted weekly losses.
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American Express and Regions Financial shares fell after their latest earnings disappointed investors.
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Microsoft, Meta, and Amazon report earnings next week, which could significantly impact markets.
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Solar company SolarEdge plunged after warning third quarter results will miss forecasts due to unexpected order cancellations in Europe.
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Analysts cited ongoing inventory, demand, and margin issues for SolarEdge as reasons for significant uncertainty ahead.