empty
 
 

10.07.202620:13:19UTC+00US Stocks Rise as SK Hynix Soars in Debut

US stock indices ended higher on Friday ahead of the upcoming earnings season, with SK Hynix surging in its US market debut. The S&P 500 climbed 0.4%, the Nasdaq 100 gained 0.3%, and the Dow Jones Industrial Average added 150 points. American depositary receipts of SK Hynix jumped 15% above their offering price after the company raised $26.5 billion in the largest-ever US listing by a foreign issuer.

Performance among peer chipmakers was mixed: Nvidia rose 4% and AMD advanced 2%, while Broadcom slipped 0.3% and Intel fell 2.4%. In the tech services space, Meta gained 6% after research firm SemiAnalysis released a positive report on the company’s AI compute business.

Financials and other traditional sectors also drew support as oil prices paused their recent rebound, easing worries about another potential Federal Reserve rate hike. JPMorgan edged up 0.3%, while Mastercard and Bank of America each added 0.7%. In the industrial and manufacturing segment, Applied Materials rose 2.4%, and Caterpillar climbed 1.5%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback