Wall Street Closes Higher as Chipmakers Jump and WTI Slides More Than 1%
AI Market Summary
US equities closed higher, led by a sharp semiconductor/AI rally after SK Hynix's ADR offering was heavily oversubscribed, reinforcing demand for AI infrastructure exposure. Falling WTI eased inflation and boosted airlines/cruise operators, while a drop in initial jobless claims supported the growth outlook even as it complicates near-term Fed easing expectations. Middle East tensions were largely discounted, helping risk appetite hold into earnings season.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT+0.34%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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U.S. stocks finished higher on Thursday, with the Nasdaq 100 up 1.62%, the S&P 500 rising 0.81% and the Dow adding 0.27%. Chipmakers led gains after SK Hynix’s U.S.-listed ADR issuance drew subscriptions of more than seven times and is expected to raise about $24.5 billion, according to Bloomberg calculations. WTI crude fell more than 1%, lifting airline and cruise shares. Weekly initial jobless claims dropped to a six-week low of 215,000, underscoring labor-market resilience.
