STOCKS | SK Hynix Hits Record High as Oil Prices Surge and Fed Hike Odds Rise

U.S. stocks opened lower on September 9, with the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all edging down. According to Sina Finance, chip stocks were active, with SK Hynix rising more than 5% to a record high of $195.75 per share, while Marvell Technology gained 5%, and Arm and Advanced Micro Devices rose more than 3%. Brent crude futures climbed above $100 a barrel for the first time since late July on September 9, while U.S. WTI crude futures rose more than 2% to $95 a barrel. According to Sina Finance, U.S. Treasury Secretary Bessent continued to call for curbing the rise in Treasury yields, but the probability of a Federal Reserve rate hike in September was increasing. According to Sina Finance, CME FedWatch data showed markets had priced in about a 60% chance of a rate hike at the September policy meeting.