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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…
European Stocks Ease as STOXX 600 Falls 0.1%, DAX Drops 0.2% Before Key Federal Reserve Signals
European stocks slipped on July 7, 2026, as investors took a cautious approach ahead of fresh signals from the U.S. Federal Reserve. The pan-European STOXX 600 edged 0.1% lower, while Germany’s DAX fell 0.2% in early trading. Buying activity remained muted as traders looked for more clarity on the path of U.S. interest rates. Inflation,…
Syntiant IPO Filed: Intel, Microsoft-Backed AI Chipmaker Reports $64.5M Revenue, $26.2M Net Loss
On July 7, 2026, AI chipmaker Syntiant filed for a US initial public offering (IPO), taking another step towards becoming a publicly traded company. Backed by Intel and Microsoft, the company reported $64.5 million in revenue and a $26.2 million net loss in its latest filing. Interest in AI chip companies remains strong, and investors…
Dow Futures Gain 0.1%, Nasdaq 100 Drops 0.6% as Samsung Reports 1,900% Profit Increase
Dow futures rose 0.1% early Tuesday, adding 56 points to trade near 53,428. Nasdaq 100 futures fell 0.6% as chip stocks pulled back. Samsung Electronics reported a 1,900% profit increase for Q2 2026, yet its shares still slid. This split reflects growing caution around AI valuations across global markets. Dow Futures Hold Steady After Record…
China Smartphone Sales Fall 13% During 618 Shopping Festival
China’s smartphone market had a weak showing during the 2026 618 Shopping Festival, one of the country’s largest annual shopping events. Between May 26 and June 21, 2026, smartphone sales fell 13% year over year, even after weeks of promotions and discounts. The decline points to softer consumer spending and higher smartphone prices driven by…
Samsung Electronics Co Ltd Falls 9.12% Despite Record 2Q Profit
Samsung Electronics shares dropped 9.12% on July 7, 2026, even after posting record quarterly profit. The company reported preliminary Q2 operating profit of 89.4 trillion won ($58.4 billion). That figure surged 1,810.3% year over year. Investors sold into the news anyway, triggering a sharp single-day decline across South Korea’s chip sector. Samsung Electronics Posts Record…
Besi Shares Plunge More Than 7% After Report Signals Delay in Hybrid Bonding Adoption
Besi shares dropped more than 7% sharply Monday after a new report raised doubts about one of its key growth drivers. BE Semiconductor Industries following a ZDNet report suggesting hybrid bonding adoption could face further delays. The Dutch chip-equipment maker holds a first-mover advantage in the technology. What the Report Actually Said South Korean outlet…
Nasdaq Futures Jump 1% to Lead Wall Street Higher; S&P 500 Futures Gain 0.4% After Long Holiday Weekend
On July 7, 2026, U.S. stock futures pointed to a positive start for Wall Street following the long Independence Day holiday weekend. Nasdaq futures rose about 1%, while S&P 500 futures added roughly 0.4% as investors returned to technology stocks. Traders are also preparing for a busy week that includes Federal Reserve updates, fresh economic…
S&P 500 Could Fall to 6,850, Says BofA After 17% Rally Sparks Exhaustion Signals
The S&P 500 has rallied nearly 17% from its March low, but Bank of America warns the market may face a pullback. BofA’s technical strategy team, led by Paul Ciana, warned in a June 26 client note that the index could fall to 6,850 in a worst-case scenario. The bank flagged three separate exhaustion signals…