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SK Hynix Raises $26.5B in U.S. IPO
The major averages finished Friday broadly higher as investors balance continued enthusiasm for artificial intelligence against renewed geopolitical uncertainty. Despite the up-and-down nature of the week, the S&P 500 and Nasdaq had weekly gains.A key news story was 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.Meanwhile, traders continue to keep an eye on tensions in the Middle East. Oil prices have retreated after a surge earlier in the week as President Donald Trump said that Iran called to make a deal, while Qatar and Pakistan are reportedly aiming to bring both sides back into peace talks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixin the U.S. at $170 per ADR after its U.S. IPO was priced at $149Deltareportedand reiterated its FY26 outlookCircle Internetreceivedto establish a national trust bankBaker Hugheshas received conditional EU antitrust approval for its $13.6B acquisition of Chart Industries,easyJet'sboard and Apollo Globalhave reached an agreement in principle on the2. WALL STREET CALLS:Twilioto Buy at StifelPepsiCoto Neutral at CitiFox Corp.to Buy from Neutral at Rothschild & Co RedburnSusquehannaIBMat Neutral despite "so many reasons to like"Toll Brothersto Buy at Citi3. AROUND THE WEB:As part of its recent job cuts, Sonoshas laid off some of its top design and product management executives, Bloomberg saysUBShelped trigger a wave of withdraws from a Blue Owl fund in the final quarter of 2025 after advising overexposed clients to diversify away from private credit, FT reportsSemiAnalysis posted a positive report on Meta'sAI computeDisneyis exploring making some Disney+ content available without a paywall, Business Insider saysCCC Intelligent Solutionsis weighing a sale of the company, Reuters says4. MOVERS:EquipmentSharewas higher after authorizing afor up to $50M and raising its guidance for FY26Cadizgained after announcing the U.S BLM approved theVodafoneincreased in New York after e& announced the termination of itsFermifell after pricing its $375MBrookdale Senior Livingwas lower after reporting5. EARNINGS/GUIDANCE:WD-40and raised its guidance for FY26Barnes & Noble Educationreported, with revenue in-line with consensusChipMOS, with revenue higher year-over-yearAtegrity SpecialtyprovidedNurix Therapeutics, with EPS and revenue missing consensusINDEXES:The Dow rose 149.60, or 0.29%, to 52,637.01, the Nasdaq gained 74.72, or 0.29%, to 26,281.61, and the S&P 500 advanced 31.75, or 0.42%, to 7,575.39.
WD-40 Stock Rises 12.3% to $268.80
WD-40 is up 12.3%, or $29.38 to $268.80.
SK Hynix Raises $26.5B in U.S. IPO
The major averages were mixed near noon following Thursday's strong session as investors balance continued enthusiasm for artificial intelligence against renewed geopolitical uncertainty. Despite the up-and-down nature of the week, the S&P 500 and Nasdaq are both on track for weekly gains, while the Dow is on pace for a small weekly decline.A key news story of the day 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.Meanwhile, traders continue to keep an eye on tensions in the Middle East. Oil prices have retreated after a surge earlier in the week as President Donald Trump said that Iran called to make a deal, while Qatar and Pakistan are reportedly aiming to bring both sides back into peace talks. While investors appear increasingly confident that energy supplies will remain intact, the situation continues to present an upside risk to inflation.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixat $17o per ADR after its U.S. IPO was priced at $149Deltareportedand reiterated its FY26 outlookCircle Internetreceivedto establish a national trust bankBaker Hugheshas received conditional EU antitrust approval for its $13.6B acquisition of Chart Industries,Nu Mexicohasto begin operations as a bank2. WALL STREET CALLS:Twilioto Buy at StifelPepsiCoto Neutral at CitiFox Corp.to Buy from Neutral at Rothschild & Co RedburnSusquehannaIBMat Neutral despite "so many reasons to like"Toll Brothersto Buy at Citi3. AROUND THE WEB:As part of its recent job cuts, Sonoshas laid off some of its top design and product management executives, Bloomberg saysUBShelped trigger a wave of withdraws from a Blue Owl fund in the final quarter of 2025 after advising overexposed clients to diversify away from private credit, FT reportsSemiAnalysis posted a positive report on Meta'sAI computeDisneyis exploring making some Disney+ content available without a paywall, Business Insider saysCCC Intelligent Solutionsis weighing a sale of the company, Reuters says4. MOVERS:EquipmentSharehigher after authorizing afor up to $50M and raising its guidance for FY26Cadizgains after announcing thethe right-of-way for the Cadiz Northern PipelineVodafoneincreases in New York after e& announced theagreement with the companyFermifalls after pricing itsBrookdale Senior Livinglower afterfor Q2 and June5. EARNINGS/GUIDANCE:WD-40and raised its guidance for FY26Barnes & Noble Education, with revenue in-line with consensusChipMOS, with revenue higher year-over-yearAtegrity SpecialtyNurix Therapeutics, with EPS and revenue missing consensusINDEXES:Near midday, the Dow was up 0.18%, or 95.99, to 52,583.40, the Nasdaq was down 0.08%, or 19.88, to 26,187.01, and the S&P 500 was up 0.11%, or 8.53, to 7,552.17.
WD-40 Stock Rises 22.7% to $293.79
WD-40 is up 22.7%, or $54.37 to $293.79.
SK Hynix Raises $26.5B in U.S. Listing
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 inflation.In pre-market trading, S&P 500 futures rose 0.02%, Nasdaq futures fell 0.33% and Dow futures rose 0.24%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Circle Internetup 14% after receiving approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank, a national trust bankVodafoneup 11% after e& announced the termination of its relationship agreement with the company, divesting 16.21% of Vodafone's issued share capital and 17.13% of its total voting rightsCCC Intelligent Solutionsup 9% after Reutersthe company is weighing a saleUP AFTER EARNINGS -WD-40up 17%Delta Air Linesup fractionallyLOWER AHEAD OF SK HYNIX IPO -Inteldown 2%SanDiskdown 2%Marvelldown 1%
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