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July 10, 2026 at 9:37am ET
Stock Market Today: Dow Opens Higher Ahead of SK Hynix Debut
Chip maker raises $26.51 billion in U.S. listing
Investors’ appetite for the AI trade will face another test today, with the U.S. trading debut of SK Hynix.
The South Korean memory-chip maker’s American depositary receipts will begin trading today under the temporary ticker SKHYV, following a blockbuster $26.5 billion offering— the largest-ever U.S. share sale by a foreign company.
The debut offers American investors direct access to one of the hottest corners of financial markets this year. But it comes at a precarious time, with shares of chip stocks swinging wildly lately as investors assess whether the AI trade has run too far.
U.S. stock indexes opened modestly higher ahead of the debut, reversing earlier moves in futures markets. In South Korea, SK Hynix’s shares finished down 0.3% on the day.
The S&P 500 and Nasdaq are on track to finish the week higher, overcoming a choppy stretch after the U.S. and Iran resumed attacks. The Dow is on track for a loss.
Oil prices are slightly higher this morning, with Brent crude futures close to $77 a barrel. Treasury yields, which jumped alongside oil prices, are flat.
— By Caitlin McCabe
Read Original at WSJ →