Dow futures jump but Nasdaq flat ahead of busy week for Wall Street

Market Report US Markets Written by: Oliver Haill 08:26 Mon 03 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenote... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Dow futures jump but Nasdaq flat ahead of busy week for Wall Street Published: 08:26 03 Aug 2026 EDT Wall Street is set for a mostly higher start to August, although Nasdaq futures are flat as investors continue to assess whether Friday's technology rebound has further to run. Dow Jones futures were up 547 points, or 1%, while the S&P 500 is expected to gain 0.5%. Last week and month ended with technology stocks in the lead, leaving the Nasdaq up 1% to 25,373. The S&P 500 gained 0.7% to 7,489 and the Dow Jones rose 0.5% to 52,485. The rebound followed a difficult July for technology shares, with the Philadelphia Semiconductor Index tumbling 20.6%, its worst month since 2008 and a major contribution to the Nasdaq dropping 3.2%. By contrast, the S&P 500 and the Dow were broadly flat as investors rotated into non-technology sectors. Attention is also fixed on the yen after the US and Japan confirmed last week saw their first co-ordinated currency intervention since 2011. The yen has strengthened another 0.5% against the dollar to 156.60, having gained more than 4% last week. Tokyo may have spent almost $59 billion buying yen on Thursday, with Washington reportedly providing a further $5-10 billion. Both countries have indicated they are prepared to intervene again. Earnings will provide the other major test, with about 20% of the S&P 500 reporting this week. AMD, Caterpillar, McDonald's, Eli Lilly, Disney, Uber, Airbnb and Berkshire Hathaway are among the companies due to publish results. Market analyst Kathleen Brooks at XTB says: "If anyone thought things would be quiet for markets this August, they are only heating up." Ahead of the open, shares in Bristol Myers Squibb were up over 4% after a report in the Financial Times that AstraZeneca, Britain's biggest drugmaker, is in talks to buy its US rival . Continue reading