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Midday market update: stocks climb as SK Hynix jumps on U.S. debut and Delta reports higher profits.
Editorial companion
CNBC's midday update included a crisp nugget: Delta Air Lines reported a sizable profit jump, a reminder that airlines can swing from red ink to meaningful profitability as volumes recover. The same tape showed a risk-on mood, with stocks generally higher and SK Hynix rising on its U.S. debut, so the market was rewarding growth narratives today. For investors, the key takeaway is a familiar one: Delta's business metrics look materially better than its recent share price suggests.
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