Traders work on the floor of the New York Stock Exchange (NYSE) on July 9, 2026 in New York City.
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of S&P500 Gains on Friday were led by some big tech stocks, putting the index on track for weekly gains.
The market-wide index rose 0.2%, and tech stocks rose as well. Nasdaq Composite. 30 shares Dow Jones Industrial Average Added 79 points (0.2%).
The S&P 500 is on track for a 1% gain this week. The Nasdaq Composite Index is also expected to end the period rising, aiming for an increase of over 1%. Meanwhile, the Dow Jones Industrial Average fell less than 1% this week.
Major semiconductor stocks in South Korea are weak SK Hynix It made its U.S. debut on Friday, opening at $170 on the Nasdaq and rising about 17% in last trade. The company’s U.S. depository receipts, which have exploded in value this year due to huge demand for memory, were priced at $149 each. Some traders are concerned that the new product will compete with U.S. memory stocks for investor money. micron technology.
Microns decrease by more than 1%; marvel technology and intel It fell more than 2%. shares of ram research The decline was less than 1%. but, Nvidia It outperformed, rising more than 3%.
“The AI boom dates back to the summer of 2023 and was very euphoric,” said Eric Parnell, chief market strategist at Great Valley Advisor Group. “When you go under the surface into some of these concentrated areas, before[the Magnificent Seven]came along, and now they’re finding a way to drive stocks down significantly, it really feels like the calm before the storm.”
This year alone, Micron has already soared more than 200%. Lam Research, Marvell, and Intel have all more than doubled since the beginning of the year.
“We’re clearly in a boom phase right now, but I’m really concerned that we could see some sort of recession in the second half of this year,” he added.
Together with Nvidia, meta platform It was another bright spot in the tech world during the session. The stock rose 6%, its best weekly pace since early 2024, after Bank of America maintained its Buy rating on the stock. The company said internal memos reviewed by Reuters suggested Meta could improve its artificial intelligence cost structure.
South Korean stocks led gains in Asia-Pacific stock markets on Friday. The Kospi rose 2.5%, and Japan’s Nikkei stock average ended 1.2% higher. Mainland China’s CSI300 index closed 1.96% lower, led by technology and industrial sectors. In other regions, pan-European Stocks 600 The index was last seen trading just above the flatline.
The move comes as U.S. stocks rose on Thursday, helped by lower oil prices, after President Donald Trump said he called for a deal with Iran. Qatar and Pakistan are trying to bring the US and Tehran back into negotiations, officials from each country told MS Now.
MS Now reported on Thursday that administration officials said the two countries would continue “technical discussions” despite airstrikes from both sides, adding that the United States was committed to finding a solution to the Middle East conflict.
President Trump said earlier this week that the ceasefire between the United States and Iran has ended.
