U.S. Stock Market Closes Flat, Strategy Announces Historic Sell-off, Samsung Plunges After Stunning Earnings Guidance

BlockBeats News, July 7th, US stocks closed on Monday, with the Dow up 0.3%, the S&P 500 up 0.7%, and the Nasdaq up 1.1%.

According to BIT (bit.com) market data, in terms of AI US stocks, chip R&D and manufacturing companies, optical communication concept stocks, and storage stocks showed relative strength, with AAOI up 1.98%, MRVL up 1.63%, AVGO up 3.73%, and ASML up 3.12%. Western Digital was up 7%, Micron Technology and Intel were up about 1%.

Yesterday, the pre-market announcement of the historic Bitcoin sell-off Strategy opened lower but rebounded, ending the day flat, while STRC saw a slight increase of 0.81%. Additionally, boosted by Trump's endorsement, DELL surged 4.36%.

In the Asia-Pacific stock market, Samsung Electronics of South Korea released a very strong preliminary Q2 financial report before the market opened this morning. The company's operating profit surged over 1800% year-on-year, with quarterly earnings exceeding the sum of the past three years. Furthermore, the company's revenue also increased by 129% year-on-year, reaching 171 trillion Korean won. However, the outstanding financial results did not prevent investors from selling off.

According to Bitget market information, the South Korean KOSPI index rapidly declined after the opening, with a drop of 3%, and Samsung Electronics leading the decline with a 5% decrease.