U.S. stock futures were mixed on Monday, as the Dow Jones index advanced, while the Nasdaq 100 and S&P 500 indices fell, following Friday’s higher close.Investors eye major economic updates this week, including June CPI and PPI data, along with retail sales and the Federal Reserve officials’ commentary.Meanwhile, the 10-year Treasury bond yielded 4.57%, and the two-year bond was at 4.22%. The CME Group’s FedWatch tool’s projections show markets pricing a 68.5% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting. IndexPerformance (+/-)Dow Jones0.09%S&P 500-0.31%Nasdaq 100-1.30%Russell 2000-0.03%Stocks In FocusSK Hynix
SK Hynix Inc. (NASDAQ:SKHYV) was 15.53% higher in premarket on Monday, after it sold American Depositary Receipts at $149 each and opened about 14% above the offer price at $170 apiece on Friday.
Benzinga’s Edge Stock Rankings indicate that SKHYV maintains a weak price trend in the long, medium, and short terms, with a moderate value score.
Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) rose 0.17% after posting record revenue of T$1.27 trillion, or $39.62 billion, in the second quarter on AI demand.
