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Wall Street Rises as S&P Nears Record; SK Hynix Nasdaq Debut Boosts Chip Stocks
S&P 500 closes near record as investors pivot to earnings season; SK Hynix’s strong Nasdaq debut lifts memory-chip makers and market optimism.
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What stands out
Stocks closed higher Friday as the S&P 500 flirted with a record and South Korea’s SK Hynix staged a high-profile Nasdaq debut that reignited optimism for memory-chip makers. Reuters captured a market tilt away from macro headlines and toward earnings-season catalysts, meaning today's gains rested more on individual company news than on a single macro narrative. For Nasdaq, Inc., splashy listings matter: they boost trading volumes, data sales and listing fees, and a strong debut can quickly change investor sentiment about the exchange business.