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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.
Vedanta Oil & Gas Surges 6.57%, Aluminium Gains 4% as Select Vedanta Stocks Outperform Weak Market
Vedanta Oil & Gas rallied as much as 6.57% to ₹38.25 on July 8, 2026. That gain came despite sharp selling pressure across India’s broader equity market on Wednesday. Vedanta Aluminium Metal shares climbed 4.57% to ₹465.50 during the same session. US-Iran tensions and a fresh crude oil price spike triggered the wider market decline….
Tokyo Police Sergeant Arrested for Leaking Gambling Raid Intel on July 8
Tokyo police sergeant arrested for leaking gambling raid information to suspects. The breach compromised investigations across Tokyo and Kanagawa prefectures on July 8, 2026.
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…
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…
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:…
SpaceX Shares Fall 2.3% Ahead of Nasdaq 100 Entry as Morgan Stanley Sets $300 Price Target
SpaceX shares slipped about 2.3% on July 7, 2026, as investors looked ahead to the company’s upcoming addition to the Nasdaq 100. The decline came even after Morgan Stanley initiated coverage with a $300 price target, reflecting confidence in the company’s long-term growth. Some investors chose to lock in gains before the index inclusion, while…