S&P 500 closes week with >1% gain despite chip stock weakness

The S&P 500 is on track for a 0.8% weekly advance, but chip stocks fell ahead of SK Hynix’s Nasdaq debut, raising concerns over competition for U.S. memory companies. Given the broader market’s resilience and cooling oil prices, the index is likely to close the week higher.

macro · Prediction Market

Implied probability (Yes)

78%

Closes

2026-07-11

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