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Two Big Tech Names Are Giving Stocks a Boost
Barrons.com35d agoneutral
Two Big Tech Names Are Giving Stocks a Boost

Meta stock’s gains are leading the S&P 500 and the Magnificent Seven on Friday. The S&P 500 was up 0.2%, and the Dow gained 0.2%. The tech-heavy Nasdaq was up 0.1%. Meta stock was up 5.8%, adding to its best week since 2024, according to Dow Jones Market Data.

Investing.com35d agoneutral
SK Hynix set for 22% pop in Nasdaq debut, testing strength of AI boom

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.

Magnificent Meta Is Up Again, Leading the S&P 500
Barrons.com35d agoneutral
Magnificent Meta Is Up Again, Leading the S&P 500

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 Next 3 Weeks Will Determine the Stock Market’s Fate
Barrons.com35d agoneutral
The Next 3 Weeks Will Determine the Stock Market’s Fate

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.

Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
Reuters36d agoneutral
Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says

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.

Why the Next Three Weeks Will Decide the Stock Market’s Second-Half Fate
Barrons.com36d agoneutral
Why the Next Three Weeks Will Decide the Stock Market’s Second-Half Fate

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.