Stocks ended the week higher despite sharp swings driven by mixed second-quarter earnings and the Federal Reserve's decision to leave interest rates unchanged. Technology shares rebounded after early weakness, while investors continued to weigh inflation concerns and the outlook for interest rates. Read this week's Week on Wall Street for a recap of the market's key drivers, the latest Fed developments, upcoming economic reports, and the earnings calendar for the week ahead.

Stocks slipped last week as investors weighed Q2 earnings, Middle East tensions, and chip trade developments. The Nasdaq Composite led the decline, falling 2.13%. The S&P 500 dropped 0.61%, and the Dow Jones Industrial Average slid 0.38%. Overseas, the MSCI EAFE Index — which tracks developed international markets — bucked the trend, rising 0.35%.

Stocks fell last week as the chip-stock trade entered a selloff phase, despite upbeat news on inflation. The Standard & Poor’s 500 Index fell 1.55%, while the Nasdaq Composite Index declined 2.90%. The Dow Jones Industrial Average slipped 0.93%. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 0.80%.

Stocks largely advanced over a V-shaped week as the AI trade, led by chip stocks, pushed the S&P 500 and Nasdaq averages higher amid renewed conflict. The S&P 500 Index rose 1.23%, while the Nasdaq Composite Index advanced 1.74%. The Dow Jones Industrial Average declined 0.50%. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 1.42%.