Dow Closes Above 53,000 for First Time; Futures Mixed on July 7 as Rivian Tumbles, SpaceX Joins Nasdaq-100

U.S. stock futures traded mixed early Tuesday (July 7) following a record-breaking session, with the Dow Jones Industrial Average closing above 53,000 for the first time. Dow futures edged up 0.05%, while S&P 500 futures slipped 0.3% and Nasdaq-100 futures fell over 1% as some of Monday's technology and chipmaker gains cooled. Retail-trader sentiment for ETFs tracking all three major indexes remained 'extremely bullish'.

Rivian shares tumbled roughly 9% overnight after the company announced a 75 million-share public stock offering. SpaceX is set to enter the Nasdaq-100 on Tuesday, a milestone drawing significant institutional attention, though shares were down over 2% in overnight trading. Memory stocks such as Micron and SanDisk also declined as investors watched whether Monday's rally momentum held.