Morning Movers: Circle pops following OCC approval for national trust bank

Markets are ending the week with a mixed tone as investors balance continued enthusiasm for artificial intelligence against renewed geopolitical uncertainty. Despite the pause, the major indexes remain on track for weekly gains, supported by resilient economic data and strong demand for AI-related investments. A key development is the debut of SK Hynix's U.S.-listed American depositary receipts. The South Korean memory-chip maker raised approximately $26.5B in one of the largest equity offerings ever, underscoring continued investor appetite for companies tied to AI infrastructure. The listing follows the blockbuster SpaceX IPO and reinforces the view that capital markets remain receptive to large-scale technology offerings despite recent volatility. At the same time, geopolitical risks remain in focus. Oil prices are pulling back after this week's spike, but crude is still on track for a solid weekly gain as traders monitor the ongoing conflict between the U.S. and Iran and the potential for disruptions around the Strait of Hormuz. While investors appear increasingly confident that energy supplies will remain intact, the situation continues to present an upside risk to.