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  5. US markets today: Dow futures trade higher; S&P 500, Nasdaq futures down as focus lies on SK Hynix’s Wall St. debut

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US markets today: Dow futures trade higher; S&P 500, Nasdaq futures down as focus lies on SK Hynix’s Wall St. debut

Anubhav Mukherjee
By Anubhav Mukherjee

4 min read | Updated on July 10, 2026, 19:03 IST

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SUMMARY

US stock futures indicated a mixed mag opening on Friday, July 10, as investors focused on SK Hynix’s US stock market debut, and positive cues from Asian markets.

Dow Jones, S&P 500 and Nasdaq futures indicate a mixed opening ahead of the opening bell on Friday, July 10. | Photo: Shutterstock

Dow Jones, S&P 500 and Nasdaq futures indicate a mixed opening ahead of the opening bell on Friday, July 10. | Photo: Shutterstock

US stock market today: The Wall Street equity futures indicated a mixed mag opening ahead of the bell on Friday, July 10, as the key focus of investors remains on South Korean chipmaking major SK Hynix’s US stock market debut amid positive cues from Asian markets.
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Investors were purchasing technology-related stocks in Asia while the oil prices marginally declined amid the sticky concerns over the escalations between the United States and Iran in West Asia.

Investing.com data showed that the Dow Jones futures were trading 0.08% higher at 52,799 points ahead of the opening bell on Friday, compared to the previous stock market close levels.

Meanwhile, others like the S&P 500 futures were trading 0.14% lower at 7,578.75 points before the stock market open, and the tech-heavy Nasdaq 100 futures were down 0.5% at 29,788 points, indicating a gap-down opening on July 10.

Key focus of the stock market investors will remain on chipmaking and technology stocks during Friday’s market session on Wall Street as South Korean chipmaking major SK Hynix is all set to make its US market debut via American depository receipts (ADR) share route on July 10.

Reports suggest that the chipmaking company raised $26.51 billion via the ADR share issue to the US market investors, this issue comes as one of the biggest offerings after Elon Musk-led SpaceX IPO last month.

Key things to know before Wall Street opening

US market recap

After Thursday’s trading session, the Dow Jones Industrial Average closed 0.27% lower at 52,487.41 points, compared to 52,348.39 points at the previous US stock market close, according to MarketWatch data.

The S&P 500 index ended 0.81% higher at 7,543.64 points after the trading session on July 10, compared to 7,482.71 points at the previous stock market close.

While the Nasdaq Composite index closed 1.3% higher at 26,206.89 points after the trading session on Thursday, compared to 25,870.65 points at the previous trading session, as per the exchange data.

US stocks to watch on July 10

Meta Platforms: Meta Platforms shares will remain in focus of investors as the company unveiled its new artificial intelligence (AI) model. TradingView data suggests that the company is set to post its strongest weekly performance since mid-April, as the futures trade higher ahead of the opening bell.
Tech & chipmaking stocks: Stocks like Nvidia, AMD, Broadcom, Qualcomm, Micron Tech, Intel, Lam Research, Taiwan Semiconductor Manufacturing, ASML Holding, among others will be in focus of the investors on the backdrop of SK Hynix ADR listing.
ServiceNow: ServiceNow shares were trading over 2% higher in pre-market NYSE as investors were focusing on the company’s partnership with Hitachi Digital Services to launch an AI-powered solution to manage critical infrastructure.
Fermi: Fermi shares tanked over 14% during the pre-market hours on Nasdaq after the company announced its plans to open up a $350 million fundraise from qualified institutional investors.

SK Hynix Wall Street debut

South Korean chipmaking major SK Hynix is set to make its Wall Street debut on Nasdaq on Friday, July 10, as the company raised $26.51 billion via the ADR share issue to stock market investors.

SK Hynix ADR shares are priced at $149 apiece, representing one-tenth of a single common stock of SK Hynix. As per reports, the company’s stock will launch under the temporary ticker of “SKHYV” and later will be changed to the ticker “SKHY.”

The South Korean company sold 117.9 million ADR shares to investors at $149 apiece.

Latest reports also showed that the company shares surpassed $25 billion, which was raised by the Chinese major Alibaba back in 2014. However, market experts are predicting that the premarket cues indicate a tough session ahead for tech stocks, with investors looking for major cues to invest in AI momentum.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

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