July 29 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets In a clear illustration of just how high the bar is for Big Tech to impress markets, South Korean chip giant SK Hynix plunged again as a record six-fold jump in quarterly…
ofits missed forecasts early on Wednesday. That’s a warning ahead of U.S. megacap earnings due out later today
Before that, markets will digest the Federal Reserve’s latest policy decision and commentary from Chair Kevin Warsh as he takes the podium this afternoon. I’ll get into that and more below. But first, check out my mid-week column, where I discuss hyperscaler cash burn, the new British PM’s poll bounce and whether the Ukraine and Iran wars could converge.
And listen to the latest episode of the Morning Bid daily podcast. Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week. US PROFIT GROWTH MUSHROOMS SK Hynix plummeted nearly 10% early on Wednesday, dragging the chip-heavy KOSPI down as much as 12.6%.