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Stocks Open Higher as Chip Maker Results Lift Sector

The S&P 500 and Nasdaq opened higher as memory-chip firms climbed following strong results from SK Hynix. Investors now await upcoming corporate earnings and the upcoming Federal Reserve rate decision.

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Futures-options traders work on the floor at the New York Stock Exchange (NYSE) in New York City, US, October 26, 2026. REUTERS/Jeenah Moon

The S&P 500 and the Nasdaq opened higher on Wednesday morning as memory-chip firms climbed after SK HYNIX INC posted bumper results.