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SK Hynix made its U.S. trading debut with its American depositary receipts listing on the Nasdaq. The Korean memory chip maker ADR opened 14% above its offer price. The three major indexes were narrowly mixed.
Globalharvest Holdings bought 1.18 shares of Mission Produce for about $15.8 million. The buy comes after avocado demand hits record highs and the acquisition of Calavo Growers.
SK hynix just pulled off a blockbuster Nasdaq debut, yet investors searching for the stock are coming up empty. The reason has nothing to do with the IPO falling apart.
By Nell Mackenzie and Pete Schroeder LONDON/WASHINGTON, July 10 (Reuters) - Global stocks rose on Friday but Wall Street opened in mixed territory, as AI-related enthusiasm over the market debut of
Investing.com -- SK Hynix shares were indicated to open about 21% higher in their U.S. trading debut on Friday after the South Korean memory chipmaker raised $26.5 billion in one of the largest U.S. equity offerings on record, setting up a key test of investor appetite for artificial intelligence-linked semiconductor stocks following a recent sector pullback.
There were multiple recent catalysts that sent Meta stock higher from reports that the company plans to rent out its surplus compute to Mark Zuckerberg announcing the release of Muse Spark 1.1, and a reported internal memo about expanding its computing capacity and a new AI chip through a partnership with Broadcom. The Roundhill Magnificent Seven ETF was up 1.2%, mostly thanks to Meta’s climb.
The Nasdaq is wobbling after Thursday’s tech-led rally sent all three major indexes higher. The tech-heavy index was flat shortly after the open. The Dow was up 139 points, or 0.3%, while the S&P 500 was up 0.
Jeffery Hirsh of the Stock Trader’s Almanac notes that the typically enjoys a 12-day rally that begins in late June and runs until mid-July. This year’s vintage will likely expire on July 14, just as JPMorgan Chase kicks-off the bulk of the bank and financial earnings reporting for the second quarter. “Since 1985, the Nasdaq has averaged 2.5% over this 12-trading-day window, with a median advance of 2.9%,” he said in a recent blog post.
Derivatives exchange Cboe Global Markets expects to list options on SK Hynix's U.S.-listed shares two business days after the stock's trading debut, a source familiar with the matter told Reuters on Friday. The South Korean chipmaker, which raised $26.5 billion in share sale, is set to make its Wall Street entry later in the day. SK Hynix, which is valued at about $1.03 trillion based on its South Korea-listed shares, did not immediately respond to a Reuters request for comment.
For the first time ever, the tech-heavy Nasdaq Composite has triggered the Hindenburg omen 11 times in a single month.
Ahead of the bell Expect a torpid start to the final trading day of the week. S&P 500 futures were flat on Friday, holding on to a week that has gone the index's way despite a wobble in semiconductors ahead of the opening bell. Nasdaq 100 futures slipped 0.2%, while Dow Jones...
Jeffery Hirsh of the Stock Trader’s Almanac notes that the typically enjoys a 12-day rally that begins in late June and runs until mid-July. This year’s vintage will likely expire on July 14, just as JPMorgan Chase kicks-off the bulk of the bank and financial earnings reporting for the second quarter. “Since 1985, the Nasdaq has averaged 2.5% over this 12-trading-day window, with a median advance of 2.9%,” he said in a recent blog post.
US equity futures were mixed pre-bell Friday as traders took note of the US market debut of South Ko
The stock market's biggest catalyst may bring about its own demise.
Wall Street futures pointed mixed and muted pre-bell Friday, as traders awaited South Korean chipmak
South Korean memory-chip maker SK Hynix is poised to make its U.S. trading debut on Friday. The company will trade through American depositary receipts under the Nasdaq ticker SKHY. Late Thursday, SK Hynix sold 177.
🔎 SK Hynix (KR:000660): The South Korean chipmaker will join the Nasdaq in the largest-ever market debut by a foreign company, after raising $26.51 billion in yesterday’s offering. ↗️EasyJet (UK: EZJ): Shares in the U.
Heading into Friday trading the blue-chip Dow Jones Industrial Average index is down 412.66 points, or 0.78%, this week to 52487.41. If it continues to progress, that would mark two consecutive weeks of gains and the largest two-week points and percentage gain since the week ending May 8, 2026. Like the S&P 500, it can also bank two consecutive weeks of gains, which would represent the largest two-week points and percentage gain since the week ending May 15, 2026.
Nasdaq futures were lower and European technology stocks slipped in early trade, as investors looked cautiously ahead of SK Hynix’s New York listing later Friday.
South Korea's Kospi led gains across most Asian markets Friday as a record-breaking US share sale by chip titan SK hynix breathed fresh life into the tech sector after weeks of selling.Seoul's Kospi jumped more than five percent at one point Friday before paring the gains, though SK hynix dipped, having added around five percent Thursday.
The artificial-intelligence rally looked set to fizzle out on Friday as investors opted to lock in some profit following a session of gains for tech. Nasdaq 100 futures fell 0.4%. Dow Jones Industrial Average futures ticked up 38 points, or 0.1%.
In recent days, Arm Holdings reported that licensing and other revenues rose 29% year on year to US$819 million, with royalties up 11%, reflecting strong demand for its semiconductor intellectual property across artificial intelligence, cloud, mobile, and custom silicon markets, while AI-related enthusiasm also helped lift chip and memory peers across the Nasdaq. Arm is also preparing to release its first-quarter fiscal 2027 results later in July and promoting its new AGI CPU for AI...
<body><p>STORY: U.S. stocks closed higher on Thursday, with the Dow adding more than a quarter of a percent, the S&P 500 climbing more than eight-tenths of a percent and the tech-heavy Nasdaq gaining 1.3%</p><p>:: Micron Technology</p><p>Chip stocks rallied, sparked by a 4.5% jump in shares of Micron Technology. The memory chip maker laid out plans to invest more than $250 billion in domestic chip manufacturing through 2035 to boost supply amid the AI boom.</p><p>Micron's peers also joined the rally, with Applied Materials climbing more than 3% and SanDisk surging over 7.5%.</p><p>AI-related stocks have been volatile lately as investors worried about the sustainability of a rally that has helped Wall Street reach record levels in 2026.</p><p>Gina Martin Adams is chief market strategist at HB Wealth.</p><p>"Tech has obviously been in the limelight of equity markets for a while, but that worked against stocks in the month of June. We'll see if the month of July brings something different. Obviously, the sector is dealing with a lot of issues, including the upcoming earnings season, where expectations are pretty high, as well as a tremendous amount of new shares coming to the market. First with SpaceX and now with SK Hynix out of South Korea."</p><p>Shares of Meta Platforms rose more than 4.5% after Reuters reported that the company plans to manufacture AI chips starting in September.</p><p>:: PepsiCo</p><p>Elsewhere in the market, shares of PepsiCo fell more than 3% despite the company beating second-quarter revenue estimates. PepsiCo warned of higher commodity costs in the second half of the year at a time when the snack and beverage giant is increasing investments and lowering prices to attract value-conscious consumers.</p><p>And shares of Costco sank more than 4% to a six-month low after the retailer reported decelerating comparable sales for June.</p></body>
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