U.S. stocks have seen their second straight winning week but closed lower on Friday, with the S&P 500, Dow, and Nasdaq all declining. The S&P 500 fell 0.3% after reaching record highs earlier. Market pressures were exacerbated by disappointing earnings from Texas Instruments, impacting the semiconductor sector. Despite a positive outlook due to President Trump’s pro-growth policies, concerns about inflation and potential tariffs loom. The upcoming earnings from major tech companies—part of the so-called "Magnificent Seven"—could dictate market direction, especially with key economic data set for release before the upcoming Fed meeting.