Oct 28 (Reuters) – The S&P 500 and the Nasdaq opened higher on Wednesday as memory-chip firms climbed after SK Hynix’s bumper results, while investors looked to upcoming key corporate earnings as the next test of AI trade, alongside the Federal Reserve’s rate decision. The Dow Jones Industrial Average fell 42.1 points, or 0.08%, to […]
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S&P 500, Nasdaq open higher as SK Hynix lifts chips; Fed in focus
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Oct 28 (Reuters) – The S&P 500 and the Nasdaq opened higher on Wednesday as memory-chip firms climbed after SK Hynix’s bumper results, while investors looked to upcoming key corporate earnings as the next test of AI trade, alongside the Federal Reserve’s rate decision.
The Dow Jones Industrial Average fell 42.1 points, or 0.08%, to 52,335.43 at the open. The S&P 500 rose 13.0 points, or 0.17%, to 7,735.56, while the Nasdaq Composite rose 63.8 points, or 0.24%, to 26,541.607.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Shilpi Majumdar)