US stocks open higher as SK Hynix lifts chips; Fed in focus
SPY•The S&P 500 opened up 0.17% and the Nasdaq Composite rose 0.24%, while the Dow fell 0.08%. Memory-chip firms climbed after SK Hynix reported bumper results, with investors also watching corporate earnings and the Fed’s rate decision.
1. Stocks open higher
The S&P 500 rose 13.0 points, or 0.17%, to 7,735.56 at the open on Wednesday, while the Nasdaq Composite gained 63.8 points, or 0.24%, to 26,541.607. The Dow Jones Industrial Average fell 42.1 points, or 0.08%, to 52,335.43. Memory-chip firms climbed after SK Hynix’s bumper results, as investors looked to upcoming corporate earnings and the Federal Reserve’s rate decision.
