TradingKey – The US agreed to continue talks with Iran, and SK Hynix listed today, both boosting market sentiment. The three major US stock indexes all closed higher, with the Nasdaq Composite Index rising for a third consecutive day, while the rally in tech stocks slowed.
At the close, the Dow Jones Industrial Average rose 0.29% to 52,637.01 points; the Nasdaq Composite Index rose 0.29% to 26,281.61 points; and the S&P 500 Index rose 0.42% to 7,575.39 points.
Tech Stock Performance
SK Hynix (SKHYV) closed at $168.01 on its trading debut, 12.76% above its offering price, but lower than its opening price of $170.
SK Hynix stated that the current memory chip shortage impacting the PC, automotive, and consumer electronics markets is highly…
