Overnight News Summary for July 7

The Dow Jones rose by 0.30%, the S&P 500 Index gained 0.73%, and the Nasdaq increased by 1.12%. Arista Networks surged 8.25%, Western Digital rose 7.14%, and AMD was up 6.61%. For the "Magnificent Seven": Tesla climbed 6.69%, Meta Platforms increased by 3.03%, Google gained 2.38%, Apple advanced 1.33%, Amazon was up 0.61%, NVIDIA rose 0.34%, while Microsoft declined 0.92%. 2. Oil prices fell to a five-month low. WTI futures closed below $69 per barrel, marking the lowest level since late February. Brent also closed near a five-month low.3. U.S. President Trump: Walmart will lower prices on goods at my request.4. SpaceX is set to be officially included in the Nasdaq 100 Index. The process took 15 days, setting a record for the fastest inclusion in the history of the Nasdaq 100 Index.5. Microsoft announced the layoff of 4,800 employees, about 2.1% of its global workforce, including 1,600 staff in the Xbox division.6. NVIDIA responded to rumors of a Kyber delay: The product roadmap remains unaffected.7. Arabica coffee prices soared by 18%, marking the largest intraday jump since July 2000.8. FIFA President Infantino: FIFA’s independent judgment will postpone the sanction case involving Balogun's red card suspension.9. Canada has chosen a German defense company as the preferred supplier for the Canadian Navy’s submarine fleet.