Market update for July 7, 2026. Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Oil prices falling near pre-war levels as Wall Street worries about oversupply Samsung&#x27;s profit jumped 1,800%... so why did the stock tank? SpaceX joining the Nasdaq-100 less than a month after its IPO Fiserv popping on talks to sell its debit-card network Rivian drops after a share offering Netflix’s season-two problem as major shows lose huge chunks of their audience

SpaceX Joins Nasdaq 100 Index, Samsung Profits Surge 19x

The Rundown

[SPEAKER_A] public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani, and today is Tuesday, July 7th. In today's episode, we'll tell you why there's suddenly too much oil in the world. We'll also recap Samsung's monster earnings and why the stock still tanked. Then stick around to the end of the show to find out why Netflix viewers aren't sticking around for season 2. We got a great show for you today. Let's go! Stocks kicked off the week in rally mode. The S&P 500 added 0.7% while the Nasdaq jumped 1.1%. And it was another one of those days where more than half the stocks in the S&P were in the red, but the index finished higher because tech stocks carried the day. Names like Tesla, AMD, and Qualcomm were up more than 5% on Monday. Now, this morning, AI stocks stocks are giving back some of those gains from yesterday because of Samsung's earnings, but we'll talk more about that in a bit. Outside of stocks, the big macro story to watch right now is oil. Oil prices have fallen to near pre-war levels, and some on Wall Street are now concerned that we might have too much oil in the market. Just 3 months ago, oil prices were at $120 a barrel because the Iran war had effectively shut down the Strait of Hormuz, causing a supply crunch. But now the US and Iran have an interim deal in place, and traffic through the Strait of Hormuz is picking back up. Which means a bunch of that oil that had been trapped during the war is now hitting the market. And then on top of that, you have OPEC+ countries raising production.

SpaceX Joins Nasdaq 100 Index, Samsung Profits Surge 19x

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX Joins Nasdaq 100 Index, Samsung Profits Surge 19x

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.