Stocks were searching for direction Friday ahead of a busy week that includes inflation data and the kickoff of earnings season for the biggest banks in the United States. Several artificial-intelligence stocks traded lower ahead of the U.S. trading debut of SK Hynix.
American depositary receipts of SK Hynix will begin trading on the Nasdaq Friday. The South Korean memory chip maker is issuing 177.9 million ADRs, with 10 ADRs representing one common share. SK Hynix's ADR sale was priced at $149 per depositary share.
Micron Technology dropped 2%. Some investors might choose to diversify their memory-chip investments between Micron and SK Hynix, which could pressure Micron shares.
Intel declined 2.6%. Optical fiber and cable maker Corning fell 1.4%, chips-and-networking company Marvell Technology moved 1.8% lower, and flash memory product supplier Sandisk dropped 3%.
Netflix climbed 0.2% after The Wall Street Journal reported that executives had discussed adding live TV channels and streaming bundles to the streaming platform in a bid to boost engagement. Netflix didn't immediately respond to a request for comment from Barron's.
WD-40 soared 17% after the lubricating oil maker's fiscal third-quarter earnings and revenue topped Wall Street's targets. Revenue grew 24% driven by sales of the company's flagship WD-40 Multi-Use product. The company also raised full-year earnings guidance to between $6.05 and $6.35, up from $5.75 to $6.15.
Delta Air Lines declined 0.6% after the company posted better-than-expected earnings and revenue on " broad demand strength," defying surging fuel prices. Delta also reaffirmed its full-year guidance from the start 2026, but investors may have been looking for more from the air carrier's outlook.
Strategy and Coinbase Global rose 4.9% and 5.1%, respectively, as Bitcoin prices gained 3%. Along with Bitcoin prices, Ethereum increased 3.5%, Solana added 2.2%, and XPR rose 2.2%, according to CoinDesk.
Circle Internet Group advanced 13% after the company said the U.S. Office of the Comptroller of Currency had approved it to establish a national trust bank for digital currency. The approval marks a key regulatory milestone and could result in more widespread use of USDC, the company's flagship dollar-pegged token, by bringing it under direct federal oversight.
Write to George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com
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(END) Dow Jones Newswires
July 10, 2026 08:59 ET (12:59 GMT)
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