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Hey listeners, it's Saturday July 27th. I'm Francesca Fontana for the Wall Street Journal, and this is

what's news and markets. Our look at the biggest stock moves of the week and the news that

drove them. Let's get to it. The stock market really took a beating this week. The worst of the

damage came on Wednesday, when disappointing earnings reports by Tesla and Google Parent

Alphabet sparked a spiral downward and wiped out hundreds of billions of dollars in value from the magnificent 7th.

If you're new to stock market shorthand, that's the name for a group of seven major text

toxins.

Tesla and Alphabet and also Apple, Amazon,

Facebook Parent, Meta platforms, Microsoft, and Invidia.

So the Magnificent Seven became the miserable Seven this week, but it

seemed like things were turning around on Friday. All three major indexes

ended higher on the day, as did every industry sector in the S&P 500. On the week, the Dow Jones Industrial

average edged 0.7% higher. The S&P 500 notched a weekly decline of 0.8% and the Tech Heavy NASDAQ composite ended the week 2.1% lower.

Good news for Spotify investors and maybe some of you Spotify listeners.

The audio streaming company is humming along towards profitability.

On Tuesday we got to take a look at its second quarter earnings report.

Spotify notched its second consecutive

quarterly profit, expanded its margins, and added a better than expected

...