US Stocks Hold Mixed Momentum as SK Hynix Surges

2026-07-10 16:14 By Andre Joaquim 1 min. read

US stock indices were mixed on Friday as more volatility for heavyweight chip producers clashed against a pullback in Treasury yields, aiding traditional economic sectors.

The S&P 500 inched higher while the Nasdaq 100 fell 0.5%.

SK Hynix ADRs raised over $26 billion for the memory producer and surged 20% for the largest first-time share sale by a foreign company.

Earlier reports of a strong offering had aided memory producers yesterday, compounded after Micron increased its investment guidance.

The speculative sector remained volatile domestically, with Micron and Marvell down over 3% each.

In turn, the Dow rose as it is not directly exposed so chip producers.

Financial companies and traditional economic sectors enjoyed some respite as oil prices halted their rebound and softened concerns of another rate hike by the Fed.

Also, Delta added 2% on strong earnings and a dividend increase.



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US Stocks Hold Mixed Momentum as SK Hynix Surges
US stock indices were mixed on Friday as more volatility for heavyweight chip producers clashed against a pullback in Treasury yields, aiding traditional economic sectors. The S&P 500 inched higher while the Nasdaq 100 fell 0.5%. SK Hynix ADRs raised over $26 billion for the memory producer and surged 20% for the largest first-time share sale by a foreign company. Earlier reports of a strong offering had aided memory producers yesterday, compounded after Micron increased its investment guidance. The speculative sector remained volatile domestically, with Micron and Marvell down over 3% each. In turn, the Dow rose as it is not directly exposed so chip producers. Financial companies and traditional economic sectors enjoyed some respite as oil prices halted their rebound and softened concerns of another rate hike by the Fed. Also, Delta added 2% on strong earnings and a dividend increase.
2026-07-10
US Stocks Waver on Friday
US stock indices were mixed on Friday with more volatility for heavyweight chip producers clashing against a pullback in Treasury yields, aiding traditional economic sectors. The S&P 500 and the Dow inched higher, while the Nasdaq 100 fell 0.5%. The SK Hynix ADRs were due to begin trading in domestic stock exchanges for the largest first-time share sale by a foreign company. Reports that the offering was seven times oversubscribed lifted AI infrastructure companies, especially boosting memory producers after Micron increased its investment guidance. The speculative sector trimmed yesterday’s increase with Micron and Sandisk down over 2% each. In turn, the Dow inched higher as it is not directly exposed so chip producers. Financial companies and traditional economic sectors enjoyed some respite as oil prices halted their rebound and softened concerns of another rate hike by the Fed. Also, Delta added 2% on strong earnings and a dividend increase.
2026-07-10
The Dow Jones Index Opens 0.20% Higher
The Dow Jones Index is picking up 105 points or 0.20 percent on Friday. Gains are led by Microsoft (1.80%), American Express (1.16%) and Nike (1.15%). Biggest losers are Alphabet (-1.22%), UnitedHealth (-0.92%) and McDonalds (-0.78%).
2026-07-10