[US Pre-Market] SpaceX to Be Included in Nasdaq 100 Index Today; Samsung Q2 Profit Surges 18-Fold but Faces Selloff, Memory Chip Stocks Under Collective Pressure.
On July 7, Eastern Time, U.S. index futures traded mixed as global markets reacted to a sharp sell-off in memory chip stocks. Despite record-breaking Q2 earnings, Samsung Electronics saw significant declines due to "sell-the-news" sentiment, impacting U.S. peers like Micron and Western Digital. Conversely, OpenAI’s aggressive launch of GPT-5.6 intensified AI competition, while SpaceX achieved a record-fast inclusion in the Nasdaq 100. Markets are balancing exceptional corporate performance against high valuations, with investors closely monitoring SK Hynix’s upcoming $28 billion Nasdaq IPO and the broader macroeconomic implications of cooling semiconductor demand.

TradingKey - On July 7, Eastern Time, in pre-market trading, the three major U.S. stock index futures showed mixed performance. As of press time, Dow Jones Industrial Average futures rose 0.21%, S&P 500 Index futures fell 0.13%, and Nasdaq 100 Index futures fell 0.91%.

[Source: CME Group]
Asia-Pacific stock markets plunged across the board today, with a sell-off in the semiconductor sector sweeping through Asian markets. The Nikkei 225 Index closed down 2.12% at 68,256.96 points. South Korea's KOSPI Index plummeted 4.91% to 7,655.92 points, after falling over 8% during intraday trading to trigger circuit breakers. Samsung Electronics closed down 6.92%, and SK Hynix closed down 6.06%.
In commodities, gold and silver prices were under slight pressure. Spot gold ( XAUUSD) hovered around $4,127 per ounce; spot silver ( XAGUSD) hovered around $60.88 per ounce. International oil prices rebounded slightly, with WTI crude oil futures rising 1.39% to $69.47 per barrel, and Brent crude oil futures rising 1.46% to $73.09 per barrel.
In the crypto market, Bitcoin traded around $63,200, and Ethereum was around $1,773. The US Dollar Index was around 100.95.
Market Movements
The memory chip sector tumbled collectively in pre-market trading. Western Digital ( WDC) fell over 7%, SanDisk ( SNDK ), Micron Technology ( MU) fell over 6%, and Seagate Technology ( STX) fell over 5%. After Samsung Electronics released its preliminary second-quarter earnings report today, Samsung's stock price once plummeted by more than 9%, triggering a chain sell-off in the US memory sector. The market is repricing the unprecedentedly explosive performance under the logic of "good news priced in."
Large-cap tech stocks showed mixed performance in pre-market trading. Meta ( META) rose 0.95%, Microsoft ( MSFT) rose 1.62%, Alphabet Class A ( GOOGL) rose 0.65%, Apple ( AAPL) rose 0.7%, SpaceX ( SPCX) fell 1.76%, Tesla ( TSLA) fell 1.22%, and NVIDIA ( NVDA) fell 0.93%.
Market News
Samsung's Q2 profit surged 18-fold to hit a record high, yet its stock price plunged over 7%. Samsung Electronics released its preliminary Q2 results before the market opened today, showing sales of 171.00 trillion KRW, up 129% year-on-year, and operating profit of 89.40 trillion KRW, up 1810% (approximately 18-fold) year-on-year. This far exceeded the market consensus of 84.2 trillion KRW. However, Samsung Electronics' shares at one point plunged over 7% during intraday trading in the Korean market, following a cumulative gain of up to 158% over the past 18 months. Samsung Electronics' management had previously taken the rare step of actively endorsing the company, stating that "this year's profit will exceed the cumulative profit of the company's entire 40-year history in the semiconductor business."
Trump hypes Dell ( DELL) for the third time, sending its shares up nearly 10% intraday. On Monday Eastern Time, Trump held a bell-ringing ceremony for the "Trump Account's" first trading day in the Oval Office of the White House, publicly urging people to "go out and buy a Dell computer," with Dell founder Michael Dell in attendance. Dell's stock price surged by nearly 10% at its intraday high and ultimately closed up over 4%, adding over $11.2 billion in market value in a single day, while the 2x leveraged ETF (DLLL) skyrocketed 9.21%. Trump also singled out Micron Technology for praise at the end of the ceremony; Micron had previously invested $250 million in the project. As of press time, Dell ( DELL) was down 2.38% in pre-market trading.
GPT-5.6 is released today, precisely targeting the expiration date of Claude Fable 5's usage limits. OpenAI plans to officially release GPT-5.6 on July 7, a date that falls precisely on the expiration day of Anthropic's Claude Fable 5 paid plan usage limits, which the market views as a precise strike against its competitor. GPT-5.6 will feature three sub-models—Sol, Terra, and Luna—and introduce a "speed dial" function. Sol Ultra scored 91.9% in programming tests, surpassing Claude Mythos 5's 88.0%; Terra's performance matches GPT-5.5 but at half the price; and Luna is priced as low as $1 per million input tokens. GPT-5.6's API pricing is also highly aggressive, with Sol's input price at only half of Claude Fable 5's. Sources say OpenAI has locked its internal target window for July 7 to July 9.
SK Hynix to list on Nasdaq this Friday, drawing attention with a $28 billion IPO. SK Hynix will list on Nasdaq on Friday, July 10, raising approximately $28 billion in one of the largest foreign company IPOs in history. SK Hynix will trade at 6.2 times its expected earnings for the next 12 months, lower than Micron's valuation of around 7 times.
SpaceX officially added to the Nasdaq 100 Index today. SpaceX was officially added to the Nasdaq 100 Index before the US stock market opened today. Taking only 15 days from its Nasdaq debut on June 12 to its inclusion in the core tech index, it set the record for the fastest inclusion since the index's inception.
Upcoming Key Events
Eastern Time | Event |
July 7 | OpenAI releases GPT-5.6; SpaceX officially added to the Nasdaq 100 Index |
July 9 | PepsiCo ( PEP) earnings report |
July 10 | SK Hynix lists on Nasdaq; Delta Air Lines ( DAL) earnings report |
Samsung Electronics delivered a quarterly scorecard worthy of the history books, but the market responded directly with a "sell the news" logic. The extreme gains in the memory chip sector had already priced in this surprise ahead of time, and the sharp correction in the stock price precisely confirms the market's deep skepticism over "how much better can the future get." Meanwhile, the precisely timed release of GPT-5.6 and Anthropic's overseas computing power land grab yesterday are reshaping the competitive landscape of the AI industry. SpaceX's inclusion in the Nasdaq 100 today marks the official entry of the space economy into mainstream technology indices.
This content was translated using AI and reviewed for clarity. It is for informational purposes only.
Recommended Articles











Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.