Stocks fell Friday, as a mixed corporate news and ongoing debt problems in Europe prompted investors to take some money off the table. Financials were among the biggest decliners, with Bank of America. Tech stocks ended the week largely in the red, led by a slump by Microsoft and big losses from Advanced Micro Devices following its latest quarterly results. On the upside Google and especially SanDisk soared on their own results. Google rose 2.99% after the co. reported second-quarter results that included gains in its core advertising business. SanDisk climbed more than 10% after the co. reported a decline in its second-quarter earnings, but its results still topped estimates. EBay also advanced 2% after J.P. Morgan raised its rating to overweight, or buy, from neutral, and also lifted his price target on the online retailer to $50 a share from $39. In the coming week nvestors will be looking to reports from Apple, Ford and McDonald’s . Facebook will report its first results as a public company Thursday. Meanwhile, of the 104 companies that have reported earnings so far, 74% have beaten consensus estimates, but just 45% — versus 56% on average — have reported sales above forecasts. This is the lowest percentage of companies beating sales estimates since the first quarter of 2009, according to an analysis by FactSet. Implied volatility inched higher on massive trading volumes.
