SK Hynix reported that its quarterly profit tripled, driven by strong demand for AI memory chips, helping to lift sentiment across global tech stocks.
Market participants remained cautious as they awaited the Federal Reserve's interest-rate decision later this week. Economists widely expect the Fed to hold rates steady at 5.25%-5.50%, keeping focus on the accompanying dot-plot and policy guidance for clues on future easing.
U.S. equity futures pointed to a modestly higher open on Wall Street, with the Nasdaq poised for its third consecutive gain. Semiconductor shares rallied, while megacap tech names traded mixed as investors balanced upbeat earnings against lingering economic uncertainty.
The Journal Markets team will provide live coverage of the Fed announcement and the broader market reaction as it unfolds.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing