Meanwhile, the VanEck Semiconductor ETF (SMH<\/a>) added 0.5%, while the broader Vanguard Information Technology ETF (VGT) rose about 0.3%, with gains in Meta Platforms (META) and Nvidia (NVDA) offsetting weakness in Micron (MU), SpaceX (SPCX), Broadcom (AVGO) and Amazon (AMZN).\u00a0<\/p>\n Retail sentiment on Stocktwits for SPY, QQQ and DIA was between \u2018extremely bullish\u2019 and \u2018neutral\u2019 zones with \u2018normal\u2019 to \u2018high\u2019 message volumes.<\/p>\n US Market DriversIndexMoveCloseDow Jones Industrial Average0.3%52,637.01\u00a0\u00a0S&P 5000.4%7,575.39\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Nasdaq 1000.3%29,825.11<\/p>\n Meta (META), along with Hewlett-Packard (HPE) and Arista Networks (ANET), were the top gainers in the S&P 500. Meta\u2019s launch of its Muse Spark 1.1 to tackle competition from OpenAI and Anthropic in the AI coding space coupled with its plans to begin manufacturing its in-house AI chip, codenamed \u2018Iris,\u2019 in September\u00a0 supported stock prices.\u00a0<\/p>\n South Korean memory chip manufacturer SK Hynix made its U.S. debut on Friday, opening at $170 on the Nasdaq and last trading up about 13%. The company’s American depository receipts, which surged dramatically this year amid massive demand for memory, were priced at $149 each.<\/p>\n While tech stocks provided support, oil prices eased after President Donald Trump noted talks with Iran would continue, shortly after he claimed the ceasefire with Iran was over.\u00a0<\/p>\n \u201cThe muted reaction to the re-escalation of Iran tensions this week is prime evidence that the market is looking past geopolitical tensions,\u201d said\u00a0Clark Bellin<\/a> at Bellwether Wealth, told Bloomberg. \u201cWhile the stock market is gearing up for another strong earnings season, expectations are higher.\u201d\u00a0<\/p>\n Investors would now tend to shift their attention to Q2 earnings as corporate America begins reporting quarterly earnings at a time when investor expectations, especially from tech and AI stocks, seem to be the highest they’ve ever been.\u00a0<\/p>\n Trending Stocks To Watch\u00a0<\/p>\n SK Hynix (SKHVY): The historic Wall Street debut of South Korean memory chipmaker SK Hynix Inc. (SKHVY) has triggered a rush of interest from international companies looking to tap into U.S. exchanges, according to Nasdaq Inc. leadership.\u00a0<\/p>\n Boeing (BA): The aircraft maker formally opened its fourth 737 Max assembly line near Seattle on Friday, as the US planemaker looks to cash in on its growing backlog.<\/p>\n Circle (CRCL): Circle received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, which would operate as Circle National Trust.\u00a0\u00a0<\/p>\n Meta Platforms (META): The stock breached its 200-day moving average (200-DMA) for the first time in over two months, as optimism around its AI initiatives, along with bullish Wall Street commentary, lifted investor sentiment.\u00a0\u00a0<\/p>\n Delta Airlines (DAL): Chief commercial officer, Joe Esposito, said the airline is witnessing continued momentum across its customer segments and expects it to persist through the year.\u00a0<\/p>\n \u00a0Read More: SK Hynix\u2019s Blockbuster IPO Could Spark Fresh Foreign Interest In US Listings, Nasdaq’s Nelson Griggs Says<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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