Welcome to the rap. I'm Marley Kaden here to take you through this week's market action. A week with an interest rate cut from the Fed and a slew of meggaap earnings closed with most indices higher. The Nasdaq led the charge with a 2% rally while the S&P and Dow each gained 3/4 of 1%. The Russell dragged though, closing 1.4% lower. The picture was more mixed when looking into the sectors. Tech and consumer discretionary each rallied close to 3%, but sectors like real estate, materials, and consumer staples closed down close to 4%. Mag 7 earnings drove much of this week's market moves. Alphabet kicked off the momentum with a strong showing on Wednesday, posting beats across the board and passing 100 billion in quarterly revenue for the first time. The search and other revenue came in at 56.6 billion while Google Cloud showed 15.2 billion. The MAG7 giant will also boost its 2025 capex spend to between 91 and $93 billion. Alphabet climbed more than 8% this week and tapped new record highs. Meta platform saw the opposite reaction in earnings. The stock sold off 12% despite its beat. Investors likely took issue with the social media giant raising 2025 capex to between 70 and 72 billion compared to prior estimates of 66 to72 billion on top of plans to quote notably boost spend in 2026. Bloomberg later reported that Meta received $125 billion worth of orders in a corporate bond sale. And Amazon brought back bullish momentum with its earnings Thursday. The e-commerce giant posted $180 billion in revenue against $177.8 8 billion estimates. AWS Cloud grew by 20%, a pace Amazon hasn't seen since 2022. The company said it expects between 206 and 213 billion in current quarter revenue in the mid to high end of the $28.1 billion estimates. Shares hit record highs through a 9% rally this week. It's also important to note that Apple hit a new high after earnings. The iPhone maker posted record revenue despite missing expectations in iPhone sales. Microsoft also reported an earnings beat, though its stock remains little change, down 1% on the week. Nomag 7 earnings next week, but we still have a wide slate of reports from companies like Palunteer, AMD, Qualcomm, Uber, McDonald's, and Nova Nordisk. We're expecting to get data from non-farm employment, Jolts, and manufacturing, though most of that hinges on the government shutdown ending. That'll do it for the rap. I'm Marley Kaden. Remember, you can tune in 247 to schwabnetwork.com and subscribe to our YouTube channel. Have a great weekend.