On Friday, The broad market index traded up 0.1%, while the tech-heavy Nasdaq Composite declined 0.1%. The 30-stock Dow Jones Industrial Average rose 126 points, or 0.2%.

Circle Internet Corp. surged more than 11%, and Meta Platforms, Inc. soared over 7%, while memory stocks opened lower with Micron Technology nearly 3%.

Chip stocks were weak ahead of the U.S. debut of South Korean chipmaker SK Hynix on the Nasdaq Friday. The company, which exploded higher this year on the massive demand for memory, is pricing its American depository receipts at $149 each. Some traders worry the new offering may compete for investor funds with U.S. memory stocks like Micron Technology.