US equities (^DJI, ^IXIC, ^GSPC) close Thursday in negative territory, the Nasdaq Composite experiencing a 2.3% drop ahead of Big Tech earnings after the bell. The S&P 500 and Dow Jones Industrial Average both fell by over 1% a piece.

Julie Hyman and Josh Schafer review the headline events weighing on the major market indexes: Magnificent Seven earnings, expectations for the Federal Reserve to cut interest rates in September, and Friday's jobs data.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.