Public Markets 8 Hours

Last updated: July 7, 2026, 11:30 AM ET

Global Markets & Equities

U.S. stock futures pointed lower as technology shares resumed their downturn following Samsung Electronics' earnings report, which failed to meet elevated expectations for AI chip demand renewed pressure. This tech weakness, the most pronounced since the dot-com bust, has also seen the Magnificent Seven stocks lose market swagger as the AI investment theme broadens beyond behemoths. SK Hynix's stock saw extreme swings, adding uncertainty to its potential $28 billion U.S. listing wild swings. In Asia, South Korean stocks flirted with bear territory, leading regional markets lower as the AI rally took a breather leading Asian markets lower.

Energy & Commodities

Persian Gulf oil producers are facing a market share battle as they ramp up idle wells, creating a surplus of millions of barrels. This comes as Germany's oil stocking agency begins refilling strategic reserves of diesel, potentially tightening an already constrained fuel market. Meanwhile, U.S. natural gas futures held steady as traders focused on summer weather patterns and power-sector demand. Global gas demand is now poised for its first annual drop since 2022, driven by higher prices linked to the Iran conflict, according to the IEA first drop since 2022. BP Plc significantly boosted its jet fuel production in Europe by about 30% during the Iran conflict, helping to avert