15 Articles
15 Articles
Wall Street Review: Tech Stocks Regain Market Lead Amid Rising Oil Prices and Bond Yields
Technology shares regained market leadership this week amid major deals among tech giants and the successful debut of SK Hynix shares on Wall Street. The tech rally came despite another spike in oil prices, which pressured the bond market—a headwind for the broader market. For the week, the Dow Jones Industrial Average edged 0.50 percent lower, closing at 52,637. The S&P 500 rose 1.23 percent to 7,575, near its weekly high reached on July 10. Th…
NASDAQ President: SK Hynix IPO a Huge Success... Foreign Companies Open Doors Interview with NASDAQ President Nelson Griggs NASDAQ President Nelson Griggs stated that the number of foreign companies considering listing on the U.S. stock market is increasing following the successful listing of SK Hynix's American Depositary Receipts (ADRs). President Griggs [said] on the 10th (local time)
The strong US stock exchange debut of South Korean chip manufacturer SK Hynix brings movement into the semiconductor sector. Other tech values are also in demand on Wall Street. Investors are now looking forward to the upcoming reporting season with excitement.
The Nasdaq index - which includes the major technology companies - rose 0.29%, the broader S&P 500 index gained 0.42% and the Dow Jones advanced 0.29%.
The New York Stock Exchange closed session on Friday in positive ground with S&P 500 leading the winnings. Thus, Dow Jones added 0.29% to 52.637.09 points, S&P 500 gained 0.40% to 7.573.79 points and technology Nasdaq valued 0.28% to 26.281.61 points. SK Hynix's shares fired 12.76% after the opening at 17:34 on Friday, an increase of almost 25 dollars per share compared to the initial price of 149 dollars. This rise represents the largest IPO in…
The US stock markets entered the weekend with small price gains on Friday. Investors' attention on Wall Street included the IPO of major South Korean chip company SK Hynix in New York. That debut was successful, as SK Hynix closed almost 13 percent higher at 168 dollars a share.
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