Sandisk has been one of the biggest beneficiaries of the memory shortage.
As of July 7, the stock has given up all of its June gains.
Profits in the memory sector are soaring, but investors have concerns about their durability.
By Tharuniyaa Lakshmi, Johann M Cherian and Niket Nishant
July 7 (Reuters) – European shares slipped on Tuesday, weighed down by a global selloff in tech stocks, while investors monitored the NATO summit for clues on which sectors could emerge as beneficiaries of increased spending.
The pan-European STOXX 600 index closed about 0.7% down at 646.29.
» Read more about: European shares slip as global tech retreat weighs »
The S&P 500 ended 0.5% lower, while the Nasdaq 100 lost 1.8% and the Dow Jones Industrial Average fell 0.3%.
The Philadelphia Semiconductor Index (SOX) fell nearly 5%.
Iran attacked a Qatari liquefied natural gas tanker, sending oil prices higher.
AMC Entertainment
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People work on the floor of the New York Stock Exchange (NYSE) on July 07, 2026 in New York City.
Spencer Platt | Getty Images
Stock futures were near flat Tuesday as investors weighed rising tensions in the Middle East and surging oil prices.
Suppose a fund’s benchmark has just four stocks: A at 40%, B at 30%, C at 20% and D at 10%. The fund holds A at 25%, B at 30%, doesn’t have expoure to C and holds D at 20%, and a non-index stock E at 25%. The differences are: 15 percentage points on A,
» Read more about: What is the active share of a mutual fund »
Warren Buffett is well-known for his track record of successful long-term investing. He’s also known for his nuggets of investing wisdom.
Anybody who’s worried that stock prices might be hitting unsustainable levels will likely take solace in some of his original advice.
It’s no surprise that Buffett takes a bit of a contrarian view of the markets.
Eos Energy Enterprises (NASDAQ:EOSE), a U.S.-made zinc-based long-duration grid battery storage systems provider, closed at $4.74, down 6.32%. Premarket project-selection news did not prevent a midday slide, and investors are watching the expected late July earnings report next.
Trading volume reached 54.4 million shares, coming in almost twice its three-month average of 27.6 million shares.
SpaceX joins Nasdaq-100 after IPO, bypassing traditional three-month trading rule for inclusion in the tech-heavy index.
Published On 7 Jul 2026
» Read more about: Nasdaq vs Dow: How are the key indices different as SpaceX joins one? »
By all accounts, Tesla’s deliveries in Q2 were a home run at first glance with480,126 vehicles, blowing past the 406,000 Wall Street was expecting. Still,some investors didn’t celebrate the good news for long.
With Tesla shares underperforming the broader stock market this year, are thebetter-than-expected deliveries a sign of more good things to come for investorslooking to grow theirwealth?