US Stocks Rise as SK Hynix Soars in Debut

2026-07-10 20:13 By Isabela Couto 1 min. read

US stock indices closed higher on Friday ahead of the earnings season, with SK Hynix surging in its market debut.

The S&P 500 gained 0.4%, the Nasdaq 100 advanced 0.3%, and the Dow added 150 points.

SK Hynix American depositary receipts jumped 12.8% above their offering price after raising $26.5 billion in the largest-ever US listing by a foreign company.

Peer chipmakers traded mixed, with Nvidia advancing 4% and AMD rising 2%, while Broadcom lost 0.3% and Intel shed 2.4%.

In tech services, Meta jumped 6% after research firm SemiAnalysis published a positive report on its AI compute business.

Meanwhile, financial stocks and other traditional sectors found support as oil prices halted their rebound, easing concerns over another Fed rate hike.

JPMorgan added 0.3%, while Mastercard and Bank of America both gained 0.7%.

In manufacturing, Applied Materials advanced 2.4%, while Caterpillar rose 1.6%.



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US Stocks Rise as SK Hynix Soars in Debut
US stock indices closed higher on Friday ahead of the earnings season, with SK Hynix surging in its market debut. The S&P 500 gained 0.4%, the Nasdaq 100 advanced 0.3%, and the Dow added 150 points. SK Hynix American depositary receipts jumped 12.8% above their offering price after raising $26.5 billion in the largest-ever US listing by a foreign company. Peer chipmakers traded mixed, with Nvidia advancing 4% and AMD rising 2%, while Broadcom lost 0.3% and Intel shed 2.4%. In tech services, Meta jumped 6% after research firm SemiAnalysis published a positive report on its AI compute business. Meanwhile, financial stocks and other traditional sectors found support as oil prices halted their rebound, easing concerns over another Fed rate hike. JPMorgan added 0.3%, while Mastercard and Bank of America both gained 0.7%. In manufacturing, Applied Materials advanced 2.4%, while Caterpillar rose 1.6%.
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