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Nasdaq Composite Slips After Samsung Outlook, SpaceX Inclusion in Nasdaq-100 — WSJ

Provided by Dow Jones

By Chelsey Dulaney 




  Chip giant Samsung gave what was by all accounts a rosy update today, projecting a 19-fold surge in quarterly earnings. 



  That wasn't enough to meet investors' lofty expectations. Samsung shares slid in South Korea, sending the benchmark Kospi index down nearly 5% and sparking a selloff in chip stocks globally. 



  The Nasdaq Composite Index has slumped about 0.7%, with shares in SpaceX sliding on the first day of the rocket maker's inclusion in the Nasdaq-100. 



  Meanwhile, energy prices are drifting higher after Iran's Revolutionary Guard fired at two commercial ships near the Strait of Hormuz. Brent crude is climbing back above $74 a barrel, while European natural-gas prices also gained. 





  This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). 





  (END) Dow Jones Newswires



  July 07, 2026 15:11 ET (19:11 GMT)


Copyright (c) 2026 Dow Jones & Company, Inc.
  

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