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U.S. stocks diverged at midday Monday, with the Nasdaq 100 up 1.7% and S&P 500 up 0.7% as technology shares rebounded; the Dow hovered near flat. Cleveland-Cliffs surged 16.0% after third-quarter adjusted EPS of $0.28 topped the $0.21 consensus, with fourth-quarter EBITDA guidance above $700 million.
Micron rose 2.5% in premarket trading, SanDisk gained 3.26% and SK Hynix advanced 4.1%.
U.S. indexes closed mixed Monday, while Micron, Cerebras Systems, SanDisk, Meta and SoundHound AI moved on company-specific developments and broader technology and memory-sector pressures.
SK Hynix’s U.S.-listed ADR SKHY rises in premarket after the company said it will buy back and cancel 40 trillion won, or $29 billion, of treasury shares.
Technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session
Asia's technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session
Asian technology stocks rebound after global selloff, with Samsung jumping 9% and European chip stocks steady
Asia's technology stocks rebound after global rout, led by Samsung's 9% gain
Asian technology stocks rebound after global rout, with Samsung rising 9% and other tech stocks mixed
Asian technology stocks trade mixed as Samsung rebounds, but chip shares remain under pressure after global selloff