SK Hynix Debut Surges; Dow, S&P 500, Nasdaq End Choppy Week Higher

Wall Street closed higher on Friday, ending a turbulent week on a positive note. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all rose. A major driver of the gains was the strong U.S. stock market debut of SK Hynix. The South Korean memory chip maker saw its shares jump sharply in its first day of trading. This pop lifted investor sentiment in the technology sector. The advance helped cap a week marked by ups and downs. Markets had been volatile due to mixed economic data and uncertainty over interest rates. However, Friday’s rally provided a solid finish. All three major indexes posted gains for the week, recovering from earlier losses. The performance of SK Hynix, a key supplier for artificial intelligence chips, was seen as a positive signal for the broader tech industry.