European shares slip as global tech retreat weighs
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 »
Read MoreNasdaq Slides Nearly 2% As Higher Treasury Yields, Soaring Oil Prices Pressure Tech And Chip Stocks — META, AMZN, SPCX, MSFT In Focus
-
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.
Stock Market Today, July 7: AMC Slides as Box Office Success Fails to Ease Dilution Concerns
AMC Entertainment
Today’s Change
(-1.15%) $-0.02
Current Price
$1.72
Key Data Points
Market Cap
Stock futures are little changed as investors weigh Middle East tensions and await Fed minutes: Live updates
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.
Memory chip stocks fall into a bull market amid latest tech sell-off
00:00 Jerry
So let’s take a look at the semiconductor board. They are in a bear market now. Uh we got more analysis on that in a minute, but just wanted to show you a lot of dark red here. Intel down 10%. Uh this is only today.
» Read more about: Memory chip stocks fall into a bull market amid latest tech sell-off »
Read MoreThe Burst
Where Is Tesla Headed Next Year?
Tesla has rarely struggled for attention, but in 2025 it quietly fell behind. Over the past year, Tesla returned roughly 13%, trailing the S&P 500 and lagging most of its “Magnificent Seven” peers, a surprising outcome for a stock long viewed as a market leader. As 2026 approaches, the question isn’t whether Tesla has upside potential,
» Read more about: Where Is Tesla Headed Next Year? »
Read MoreThe Ivy
Broadcom Isn’t Cheap But Will It Still Power Higher?
Broadcom has quietly become one of the biggest winners of the AI boom. Shares have soared over the past two years as demand for AI infrastructure exploded, and even after a recent pullback of more than 5% from November highs, the stock is still up over 50% this year.
That short-term dip raises an obvious question: Is Broadcom finally offering a better entry point,
» Read more about: Broadcom Isn’t Cheap But Will It Still Power Higher? »
Read MoreThe Spotlight
Nvidia Just Proved the AI Boom Isn’t Slowing
For months, skeptics have suggested that AI spending was leveling out. Nvidia’s numbers told a very different story. The company reported $57 billion in revenue, a 62.5% jump over the prior year and a 22% increase from the previous quarter.
Profitability soared alongside it, with adjusted EPS climbing 60% and margins reaching an impressive 73.4%.
» Read more about: Nvidia Just Proved the AI Boom Isn’t Slowing »