Stock market today: Dow, S&P 500, Nasdaq futures diverge ahead of SK Hynix's mega US IPO

US stock futures diverged on Friday as investors awaited SK Hynix's US listing, the largest ever by a foreign company, which is seen as a test for the AI trade. Chip stocks fell in premarket trading, while oil prices rose amid ongoing Middle East tensions and slowed traffic through the Strait of Hormuz.

Stock market today: Dow, S&P 500, Nasdaq futures diverge ahead of SK Hynix's mega US IPO US stock futures diverged in premarket trading on Friday as investors awaited SK Hynix's 000660.KS https://finance.yahoo.com/quote/000660.KS/ US listing, viewed as a test for the AI trade, and monitored traffic through the Strait of Hormuz. Futures on the Dow Jones Industrial Average YM=F https://finance.yahoo.com/quote/YM=F/ gained 0.2%, while those on the S&P 500 ES=F https://finance.yahoo.com/quote/ES%3DF/ were roughly flat. Contracts for the tech-heavy Nasdaq 100 NQ=F https://finance.yahoo.com/quote/NQ%3DF/ fell 0.2% following a winning day on Wall Street. https://finance.yahoo.com/markets/live/stock-market-today-thursday-july-9-us-strikes-iran-dow-sp-nasdaq-223149196.html Chip stocks fell in premarket trading ahead of SK Hynix's Nasdaq debut https://finance.yahoo.com/technology/article/chip-giant-sk-hynix-raises-265-billion-in-blockbuster-us-share-offering-193700352.html , expected to be the day's main event. The South Korean memory chip maker and Nvidia NVDA https://finance.yahoo.com/quote/NVDA/ supplier raised $26.5 billion in its US share offering, making its US listing the largest ever by a foreign company. Meanwhile, oil prices rose slightly as investors continued to watch developments in the Middle East after the US and Iran launched their heaviest attacks since the ceasefire agreement was signed. West Texas Intermediate crude futures CL=F https://finance.yahoo.com/quote/CL=F/ hovered near $72 a barrel, while Brent crude BZ=F https://finance.yahoo.com/quote/BZ=F/ , the international benchmark, traded above $76 a barrel as traffic through the Strait of Hormuz slowed again. https://finance.yahoo.com/markets/article/strait-of-hormuz-traffic-is-near-a-standstill-again-but-analysts-say-the-world-has-adapted-164641420.html In corporate news, Delta Air Lines DAL https://finance.yahoo.com/quote/DAL/ stock fell after the airline reported substantial fuel costs https://finance.yahoo.com/markets/stocks/article/delta-q2-earnings-top-estimates-reinstates-full-year-guidance-as-fuel-prices-bite-175815467.html in the second quarter, offset by its premium business. The air carrier beat Wall Street's earnings estimates and reinstated its full-year guidance. Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance