S&P 500, Nasdaq open higher as SK Hynix lifts chips; Fed in focus

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 percent, to 52,335.43 at the open. The S&P 500 rose 13.0 points, or 0.17 percent, to 7,735.56​, while the Nasdaq Composite rose 63.8 points, or 0.24 percent, to 26,541.607.

Reuters

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