Stocks ended the week mixed, with the Dow falling and the Nasdaq advancing after tech giants Apple (AAPL), Alphabet (GOOG), Amazon (AMZN) and Facebook (FB) all beat expectations with their quarterly revenues and profits, but Exxon (XOM) and Chevron (CVX) fell short of expectations with their own.

MACRO NEWS: The Federal Reserve voted to leave interest rates unchanged, as widely expected. In their rate decision, the Fed also noted that near-term risks to the economic outlook "have diminished," which some read as a statement that could leave the central bank some room to raise rates in September...

In the U.S., gross domestic product grew at only a seasonally adjusted annual rate of 1.2% in the second quarter, well below the 2.6% growth economists had forecast. The Chicago PMI Business Barometer Index came in at 55.8, better than the 54.0 reading expected. The S&P/Case-Shiller 20-city home price index rose 0.89% to 188.29 in May. Markit's services PMI fell 0.5 points to 50.9 in the flash July reading, versus expectations for a rise to a reading of 52.0. New home sales rose 3.5% to a cycle-high 592,000 rate in June. The Conference Board's consumer-confidence index dipped to 97.3 in July, which is still better than the 96.0 reading that was forecast by economists. The University of Michigan's consumer sentiment survey fell to 90.0 in the final read for July, down from June's 93.5 reading...

In Asia, Japanese Prime Minister Shinzo Abe announced plans for more than 28 trillion yen in economic stimulus. Two days later, the Bank of Japan said it would double its ETF asset purchase target to Y6T from Y3.3T but left unchanged its other policy tools, including the monetary base target and the deposit rate.

COMPANY NEWS: In terms of earnings, this week was headlined by some of the biggest names in technology, which impressed, and the two biggest energy companies in the U.S., who disappointed...

Apple jumped 6.5% to $102.95 per share on Wednesday after its sales and profits, and very critically its outlook for the new quarter, topped expectations. The next day, Facebook reported much better than expected earning, prompting a number of Wall Street analysts to hike their price targets for the social network operator's shares following the report. On Friday, Alphabet advanced after Google's parent company announced better-than-expected second quarter results, which sparked several price target hikes from Wall Street analysts. Similarly, Amazon shares rose after the e-commerce and cloud giant posted its third consecutive record profit...

Earnings at Exxon Mobil missed expectations, sending the stock down. For the weak results, the oil major blamed sharply lower commodity prices, weaker refining margins and the "volatile industry environment." Chevron surprised with a quarterly loss as the company recorded impairments and other non-cash charges totaling $2.8B on certain assets where revenue from expected oil and gas production is expected to be insufficient to recover costs. Chevron shares, however, advanced fractionally following its report on Friday morning...

On Tuesday, shares of McDonald's (MCD) dropped 4.5% after the Dow member reported quarterly revenue that matched expectations and U.S. comparable sales growth of 1.8%. McDonald's President and CEO Steve Easterbrook said the quarterly performance, its fourth consecutive quarter of positive comparable sales across all business segments, is a "clear indication that customers are responding" to the company's transformation, "despite a challenging environment in several key markets". Along with McDonald's, five other members of the Dow index posted their quarterly reports the same morning. Among them, United Technologies (UTX), Caterpillar (CAT), and DuPont (DD) advanced, while Verizon (VZ) and 3M (MMM) declined...

On Thursday, Ford (F) suffered after its profits fell short of expectations. The automaker, which warned that it now sees "risks challenging achieving" its full year guidance of company pretax profit and operating margin equal to or better than last year, saw its shares slide more than 8% after its quarterly report...

Among others that reported on their quarterly results this week, Boeing (BA), Sprint (S), JetBlue (JBLU), AbbVie (ABBV) and Groupon (GRPN) advanced immediately following their reports, while Coca-Cola (KO), Gilead (GILD), Infinera (INFN), Whole Foods (WFM) and Twitter (TWTR) declined...

On the M&A front, Yahoo (YHOO) agreed to sell its core internet businesses to Verizon (VZ) for $4.83B. The sale does not include Yahoo's cash, its shares in Alibaba Group (BABA), its shares in Yahoo Japan (YAHOY), and Yahoo's non-core patents - called the Excalibur portfolio. NetSuite (N) rallied after the company agreed to be acquired by Oracle (ORCL) for $109 per share in cash, or approximately $9.3B. Long-standing rumors of a possible tie-up of the two were rekindled in recent weeks, though those rumors had been dismissed by many Wall Street analysts prior to the deal being confirmed. Also, AMC Theatres (AMC) announced that it has entered into an amended agreement to acquire all outstanding shares of Carmike Cinemas (CKEC) for $33.06 per share in cash and stock. The "best and final" offer is $3.06 per share, or about 10%, higher than the previous offer, which had been pushed back against by a number of Carmike's shareholders...

The U.S. Federal Trade Commission announced it has approved Teva Pharmaceutical's (TEVA) acquisition of Allergan's (AGN) generics business, Actavis Generics, after the former agreed to sell the rights and assets related to 79 pharmaceutical products to settle FTC charges that its proposed acquisition would be anti-competitive. Teva, which confirmed the news and said the transaction is expected to close next week, gained about 1.5% on Wednesday, while Allergan rose 4.5% following the news...

SABMiller's (SBMRY) announced that its Board has now met formally and intends to recommend unanimously the revised and final offer announced by Anheuser-Busch InBev (BUD). Shares of Molson Coors (TAP), which is buying out SABMiller's stake in their MillerCoors joint venture as part of that transaction, also gained on the news...

Mobileye (MBLY) dropped over 8% on Tuesday after the company reported second quarter results and said during its earnings calls that its relationship with Tesla (TSLA) will not extend beyond the EyeQ3 microchip.

INDEXES: The Dow slid about 0.8% to close at 18,432.24; the S&P 500 slipped about 0.1% to close at 2,173.60; the Nasdaq advanced about 1.2% to close at 5,162.13.