Adviser Investments Vice President Chris Hagan has the market analysis for Friday, July 19. All major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined, with the Dow Jones Industrial Average, S&P 500 and the NASDAQ Composite down 0.3%, 0.6%, 0.7%, respectively. State Street dominated corporate headlines locally—its stock rose 7% after the company beat second-quarter earnings expectations, even as those earnings plunged 29%. Quarterly sales also surpassed the $2.85 billion forecast but declined 6% year-over-year. State Street announced plans to cut an additional 800 jobs before the year is out.