The Globe and Mail reports in its Friday edition that Wall Street closed lower on Thursday, dragged by tech megacap shares as investors digested a slew of mixed quarterly earnings and signs of economic resiliency that could encourage the U.S. Federal Reserve to keep interest rates at a restrictive level. A Reuters dispatch to The Globe says that the three big U.S. stock indexes ended in the red. The tech-heavy Nasdaq suffered the biggest percentage drop, weighed down by the seven megacap stocks in the face of cloudy earnings guidance and the "higher for longer" interest-rate scenario. The Canadian benchmark closed lower as well, with tech stocks also sinking the most. It was the seventh straight day of losses for the S&P/TSX Composite Index, its longest losing streak in five years. "Today is all about the magnificent seven and I don't think there's anything they could have released on the earnings front that could have satisfied folks," said Scott Ladner at Horizon Investments in Charlotte, N.C. "So we're seeing investors take profits and a rotation out of everything that has worked this year into everything that hasn't." Toronto ended down 72.54 points at 18,875.31, its lowest closing level since October, 2022.