STOCKS | U.S. Stocks Open Lower as Fed Rate-Hike Bets Rise

According to Jin10, U.S. stocks opened lower as expectations for a Federal Reserve rate hike increased, with the Dow Jones Industrial Average down 0.17%, the S&P 500 down 0.53%, and the Nasdaq down 0.93%. Chip stocks weakened broadly, with SK Hynix (SKHY.O) falling 4.1%, Intel (INTC.O) down 3%, SanDisk (SNDK.O) down 3.2%, and Taiwan Semiconductor Manufacturing Company (TSM.N) down 1.7% after earnings.