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Dow Drops as Chip Stocks Crumble, Oil Surges on Iran Tensions—July 8
Dow fell 0.2%, S&P 500 dropped 0.5%, and Nasdaq sank 1.2% on July 7 as chip stocks tumbled and oil prices surged 3% amid geopolitical tension.
Lockheed Martin Quadruples THAAD Missile Production to 400 Units Yearly
Lockheed Martin wins $35.3B contract to boost THAAD missile production to 400 units per year, up from 96, as U.S. rebuilds depleted defense stockpiles amid geopolitical tensions.
Siemens Energy Falls 10.4% as Barclays Downgrades to Underweight on July 8
Siemens Energy (ENR.DE) drops 10.4% to €152.74 on July 8 after Barclays downgrades to Underweight, warning that free cash flow peaks in 2026 before declining. Bank of America and RBC maintain bullish views on AI-driven power demand.
FTSE 100 Falls 0.61% as Gulf Conflict Escalates; DAX Drops 1.10%, CAC 40 Loses 0.82%
The FTSE 100 fell 0.61% on July 8, 2026, as Gulf conflict tensions escalated sharply. Germany’s DAX dropped 1.10%, while France’s CAC 40 lost 0.82% during the same session. Bahrain sounded missile alert sirens for a third time Wednesday morning. Iran and Kuwait exchanged fire following overnight U.S. strikes on Iranian targets. Oil prices jumped…
OpenAI Launches GPT-5.6 After US Clears Wider Release; Advanced AI Model Debuts on Thursday
OpenAI will launch GPT-5.6 publicly on Thursday, July 9, 2026, after US government approval. The Trump administration cleared a broader rollout following weeks of testing and coordination. CEO Sam Altman confirmed the news directly on X on July 8. OpenAI introduced the GPT-5.6 family with three models: Sol, Terra, and Luna. OpenAI first previewed these…
KOSPI Slides 5.7%, Nears Bear Market as Samsung (005930.KS) Drops 6.9% and SK Hynix (000660.KS) Falls 5%
South Korea’s KOSPI index tumbled 5.7% on July 8, 2026, pushing the benchmark toward bear market territory. Samsung Electronics dropped 6.9%, while SK Hynix fell 5%. The selloff extended a brutal stretch that began with a historic circuit breaker in Samsung shares on July 7. Foreign investors dumped hundreds of billions of won in semiconductor…
Holds Near $4,117 as Iran Tensions and Fed Minutes Keep Safe-Haven Demand in Focus
On July 8, 2026, gold traded near $4,117 per ounce prices as investors weighed growing tensions between the United States and Iran against expectations for the Federal Reserve’s latest meeting minutes. Safe-haven demand continued to support the precious metal, even as a stronger US dollar and higher Treasury yields capped gains. With oil prices moving…
Zhipu AI (HKEX: 2513) Jumps 14.16% on Report of Custom AI Chip Development for GLM Models
Zhipu AI shares skyrocketed 14.16% during intraday trading on July 8, 2026. The stock, listed as Knowledge Atlas Technology, touched HK$1,838.00 by 10:45 AM GMT+5. That marked a gain of HK$228.00 over the previous close of HK$1,610.00. The rally follows a report that Zhipu AI is exploring a custom AI chip for its GLM model…
Sam’s Club Summer Sale: Walmart Reduces Prices on More Than 1,000 Items
Sam’s Club and Walmart announced sweeping summer price cuts on July 6, 2026. The Bentonville, Arkansas-based retailer slashed prices on more than 1,000 items. Shoppers will see savings across groceries, household essentials, outdoor living, toys, and apparel. The move covers stores and clubs nationwide, including online and app orders. Sam’s Club, a Walmart Inc. (Nasdaq:…