Goldman Sachs & Co. LLC
July 7, 2026
US Equities Color
Daily UpdateCommoditiesCryptoEquitiesHealth CareInformation Technology
US equity markets finished lower on July 7, 2026, pressured by sell-offs in the global AI sector and semiconductor stocks. Despite the index declines, underlying breadth remained healthy with 283 S&P names closing in green.
Key Takeaways
- 1.US equity markets experienced broad selling, with the NDX down 177bps, driven by weakness in the global AI complex and profit-taking in Samsung.
- 2.High beta momentum stocks declined 6% as market sentiment for tech defense weakens, with massive volumes in semiconductor-focused ETFs.
Table of Contents
- US EQUITIES COLOR: UGLY
- DERIVS
- Notice to Australian Investors
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Authors
Ariana ContessaMike Washington
Securities
S&P 500Samsung
Themes
AI sector rotationBroadening out of equity themesIncreased market differentiation
Regions
GlobalUnited StatesSouth Korea