US stocks rose slightly on Thursday as investors focused on AI prospects ahead of SK Hynix’s US trading debut, setting aside jitters over a flare-up in US-Iran hostilities. <\/p>\n
The tech-heavy Nasdaq Composite (^IXIC<\/a>) ticked up by 0.2%. Meanwhile, the S&P 500 (^GSPC<\/a>) and Dow Jones Industrial Average (^DJI<\/a>) both put on 0.1% after Wall Street stocks closed mixed<\/a> on Wednesday. <\/p>\n Investors are taking stock after a surge in US-Iran tensions that saw the two sides trade new attacks<\/a> on Thursday, putting a fragile truce to the test. The fighting intensified as the US launched airstrikes on 90 Iranian targets<\/a>, and Iran retaliated by striking targets in US-allied Middle East countries. <\/p>\n Oil prices rose<\/a> modestly on Thursday morning, extending some of Wednesday’s gains as markets factored in the bumpy path to Middle East peace but largely shrugged off the escalation in hostilities. <\/p>\n The focus remains on the AI trade ahead of SK Hynix’s\u00a0highly anticipated Nasdaq debut\u00a0<\/a>on Friday. The South Korean memory giant is set to price<\/a> its US offering on Thursday, with demand running at seven times<\/a> the amount of shares available. The IPO comes as investors continue to assess the recent chip stock sell-off that shook confidence in an AI boom. <\/p>\n On the macro front, the weekly update<\/a> on initial jobless claims showed little change from the week before, one more data point as investors evaluate the path ahead for interest rates. Meanwhile, Pepsi’s (PEP<\/a>) results showed American consumers tightene<\/a>d<\/a> their budgets due to economic worries, even as the drinks maker’s revenue topped expectations. <\/p>\n","protected":false},"excerpt":{"rendered":"US stocks rose slightly on Thursday as investors focused on AI prospects ahead of SK Hynix’s US trading…\n","protected":false},"author":2,"featured_media":790715,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,4357,3235,3098,17159],"class_list":["post-790714","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada","tag-dow-jones-industrial-average","tag-investors","tag-nasdaq-composite","tag-sk-hynix"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/790714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=790714"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/790714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/790715"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=790714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=790714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=790714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}