News Summary

• The S&P 500 closed Friday up 0.4% but shed 2% on the week.
• The Dow rose 1% to close the week on a loss of 0.9%.
• The last of the "Magnificent Seven" is set to report on Wednesday in what amounts to a test of the once flagging but now resurgent AI trade.
• Bitcoin gained significant ground last week, shaking off months of floundering action and reclaiming a price above $70,000 — the first time that's happened since late May.