Top global stories this week: Siemens, Generali, MUFG among notable names - TradingView

Global markets diverged this week, with European stocks posting strong gains on robust corporate earnings, while Asian markets were mixed. In the U.S., the S&P 500 ( SP500 ) and Dow DJI advanced, but the Nasdaq Composite COMP declined. Technology stocks faced selling pressure during the week as inflation concerns and expectations of further Fed tightening weighed on valuations. Among major technology stocks, NVIDIA NVDA , Microsoft MSFT , Alphabet GOOG , and Amazon AMZN retreated, adding to the Nasdaq Composite's weekly decline. Out of the nine S&P 500 companies in the supplied earnings data with available estimates, all nine beat EPS expectations, while seven surpassed revenue estimates. U.S. markets: For the week, the S&P 500 rose 1.24% to 7,549.