Weekend rundown: a new Evil Dead, F1 in Hungary, and a rough week for stocks

Movies: Evil Dead Burn opens today

The next chapter in the Evil Dead franchise, Evil Dead Burn, hit theaters today, July 24, from Warner Bros, with Luciane Buchanan and Hunter Doohan leading the cast. (IMDb) If you've kept up with the reboots since the 2013 remake and 2023's Evil Dead Rise, this is the one to catch on a big screen this weekend rather than wait for streaming, horror like this loses something on a laptop.

Also worth knowing about if you're near a theater running it: a limited re-release of The Fifth Element is back in some theaters this weekend, Bruce Willis and Milla Jovovich, still holds up almost 30 years later if you've never seen it on anything bigger than a TV.

Sports: Hungary for F1, and MLB's deadline crunch

Formula 1 is at the Hungaroring in Mogyoród for the Hungarian Grand Prix, green flag Sunday, July 26 at 9 a.m. ET. (Yahoo Sports) Lando Norris won here last year and is defending on a track with a reputation for tight, technical corners and almost no straights, so passing is hard and qualifying position tends to matter more than most stops on the calendar.

In baseball, the trade deadline lands July 31, and the standings have real separation at the top: the Brewers and Dodgers are both playing at a near .630 clip, best in the sport, while the Rays, White Sox, and Mariners hold division leads that are anything but comfortable. (MLB.com) Expect the next week of trade rumors to move fast as contenders try to close the gap before the deadline.

Investing: stocks closed out a second red week

This is a recap of what happened, not a recommendation to buy or sell anything. Stocks finished Friday, July 24 mixed after a rough stretch: the Dow rose about 0.46% to 51,947, the S&P 500 edged up roughly 0.05% to 7,412, and the Nasdaq slipped about 0.64% to 24,976. (The Motley Fool) It was the S&P 500's second straight losing week.

The pressure came from tech. The "Magnificent Seven" megacaps shed close to 800 billion dollars in value on Thursday alone on worries that AI spending at companies like Alphabet and Tesla is running ahead of the payoff, and memory and chip names took a separate hit, SanDisk fell nearly 11% and Intel dropped 6.5% even after beating earnings. (Yahoo Finance) New tariffs in the 10 to 12.5% range on top U.S. trading partners also took effect this week, and oil prices pulled back late in the week, which took a little pressure off inflation worries and helped the Dow more than the Nasdaq.

None of this changes the long-term math for a boring buy-and-hold portfolio, VTI, VXUS, BND and the like. Weeks like this are exactly what a diversified, low-cost portfolio is built to sit through. It's just useful to know why the number on your phone looked a little redder than usual this week.

This is a general information roundup, not financial, medical, or legal advice. For more on how a calm, long-term approach to investing works, see the HSA piece from earlier this week. You can see what this studio builds at jcmobileappstudio.com/apps.