On July 10, the S&P 500 rose by 0.42% to 7,575.39, while the Nasdaq Composite added 0.29% to close at 26,281.61. The Dow Jones Industrial Average increased by 149.60 points, or 0.29%, to settle at 52,637.01:
Nvidia supported the S&P 500's rise, increasing by around 4%, while Meta Platforms was another bright spot in tech, jumping about 6%. This week, Meta's shares gained nearly 15%, marking its best weekly performance since early 2024:
South Korean chipmaker SK Hynix made its U.S. debut on July 10, opening at $170 and last trading up roughly 13%:
In the Asia-Pacific equity markets, South Korean stocks led gains, with the Kospi adding 2.5%, while Japan's Nikkei 225 closed 1.2% higher:
While chip stocks have faced some pressure recently, they have seen a massive run-up this year:
