US Stocks Fall as Samsung Results Fail to Impress | Bloomberg Brief 7/07/2026

US equity futures slide as global chipmakers drag following Samsung's earnings results. The world's largest chipmaker by market value failed to impress investors even with its 19-fold profit surge. Oil jumps as fresh attacks on ships in and around the Strait of Hormuz raise concerns about the US-Iran deal. NATO Summit kicks off in Ankara, Turkey. Katrina Dudley of Franklin Templeton discusses tech valuations. (Source: Bloomberg)