Dow Jones set for tentative rebound but Nasdaq futures flat after Mag-7 rout

Wall Street ended a choppy Friday on a mixed note, with the Dow Jones and S&P 500 managing modest gains while the Nasdaq remained under pressure as investors wrapped up a volatile week.

The Dow climbed 236 points, or 0.5%, to 51,947, while the S&P 500 edged up 4 points, or 0.1%, to 7,412. The tech-heavy Nasdaq fell 162 points, or 0.6%, to 24,976, extending its recent weakness.

Despite Friday's rebound for the broader market, all three major indexes finished the week in the red. The Nasdaq led the declines, losing around 2% over the past five trading sessions as investors continued to rotate away from some high-growth technology names.

Attention now turns to a packed week of corporate earnings that could set the tone for markets heading into August. Big Tech will once again dominate the spotlight, with results due from Meta Platforms, Microsoft, Apple, Amazon and Arm. Investors will also be watching reports from blue-chip names including Coca-Cola, Exxon Mobil and Chevron for fresh insight into consumer spending and the energy sector.

With earnings season entering one of its busiest stretches, traders will be looking for signs that corporate profits can continue to support a market that has faced increased volatility in recent weeks.