Nasdaq seen down and Dow up as Samsung earnings hit AI stocks

4 weeks ago 17

Proactive

Tue, July 7, 2026 astatine 7:09 AM CDT 2 min read

US markets are acceptable for a mixed unfastened connected Tuesday, with exertion stocks expected to travel nether unit aft Samsung delivered grounds quarterly profits that inactive failed to fulfill investors, raising caller questions astir AI valuations.

Nasdaq futures were down 1.1% up of the opening bell, portion S&P 500 futures slipped 0.2%. Dow futures bucked the trend, rising 0.3% oregon astir 150 points.

This followed a beardown league for Wall Street, with the Dow Jones climbing 0.3% to a grounds adjacent of 53,055. The S&P gained 0.7% to 7,537, portion the Nasdaq jumped 1.1% to decorativeness astatine 26,121.

The temper shifted overnight aft Samsung forecast operating profits comfortably up of statement expectations, but the shares fell astir 7%.

The sell-off dragged South Korea's Kospi down astir 5%, knocked different Asian markets and is expected to measurement connected US semiconductor names.

Another absorption for investors volition beryllium SpaceX, which joined the Nasdaq-100 overnight aft becoming eligible nether revised scale rules.

The inclusion is expected to trigger billions of dollars of passive buying from index-tracking funds, with JPMorgan estimating astir $4.3 cardinal of request for the stock.

Away from equities, lipid roseate astir fractional a dollar to commercialized supra $69 a tube arsenic geopolitical tensions astir the Strait of Hormuz offset expectations of higher OPEC+ supply.

Gold slipped to astir $4,130 an ounce, portion today's economical calendar is light, a time up of the merchandise of the Federal Reserve's June gathering minutes.

Tuesday's releases see the commercialized balance, the RCM/TIPP economical optimism scale and the New York Fed's latest user ostentation expectations survey. The ADP employment report, which has precocious moved to play publication, volition besides beryllium monitored for caller signs of labour marketplace spot up of play jobless claims data.

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