U.S. stocks ended mixed on Friday. The Dow Jones Industrial Average fell 0.2%, while the Nasdaq Composite gained 0.9% and the S&P 500 moved 0.1% higher. Technology names led the way higher on the session, while energy and utility stocks lagged.
Rapid7 (RPD) was the big winner of the session, as the software producer gained 58% in its first day of trading following its initial public offering. Elsewhere, Google (GOOGL) was the big winner on Friday, gaining 16% on a better earnings outlook. The company even sent Etsy (ETSY) 30% higher after citing increased traffic from the site on its conference call. On the other hand, SolarWinds (SWI) fell 24% on the session on a lower billings outlook.
Next week will be relatively quiet on the economic front, with just a few pieces of housing data expected. But earnings season picks up next week, with 129 companies in the S&P 500 scheduled to report. According to S&P Capital IQ, earnings are expected to decline 3.34% year over year in the second quarter.
Halliburton (HAL), International Business Machines (IBM) and Morgan Stanley (MS) kick things off on Monday, followed by Apple (AAPL), Chipotle (CMG), Microsoft (MSFT) and Yahoo (YHOO) on Tuesday. American Express (AXP), Boeing (BA), Coca-Cola (KO) and Qualcomm (QCOM) report on Wednesday, followed by Amazon.com (AMZN), AT&T (T), Bristol-Myers (BMY), Caterpillar (CAT), General Motors (GM), McDonald's (MCD) and Starbucks (SBUX) on Thursday.