S&P 500, Nasdaq, Dow Futures Inch Higher As Investors Digest First Rate Hike Since 2023 — INTC, GOOGL, AAPL, SKHY, UAL In Focus

United Airlines anticipates USD6 billion in additional fuel costs in 2026, with 2Q2026 costs up USD2.3 billion. The company plans to adjust capacity by reducing flights on unprofitable routes and canceling off-peak frequencies in 2Q2026 and 3Q2026, while maintaining long-term capacity plans.

Intel (INTC) reported Q2 2026 revenue of $16.1B (+25% YoY) and EPS of $0.42, beating estimates. Data Center and AI segment grew 59%. Mizuho cut its price target citing high valuation and execution risks, despite AI-driven growth. Analysts' average target is $113.90, implying 17% upside. Intel guided Q3 revenue of $15.8B-$16.8B, above consensus.

SK Hynix is reportedly in talks with Intel to manufacture memory chips in the US, either by leasing Intel's Ohio factory or forming a joint venture. The deal is exploratory, with no final decisions. SK Hynix aims to strengthen its memory business, while Intel seeks to improve its situation. The Korean government may review the deal if it involves sensitive technologies. Both companies' stocks rose on the news. SK Hynix is also investing $38 billion in new fabs in Korea.

US stocks ended mixed after the Fed raised rates by 25 basis points, citing strong consumer spending and inflation. The Dow fell 1.2%, while the 10-year Treasury yield topped 5%. The Fed projected one more hike this year, with rates expected to rise to 4.1% by 2026. Crypto markets declined after the US Senate failed to advance digital asset regulation. Several small-cap companies reported developments, including Graphene Manufacturing Group and First Phosphate Corp.

US major indices fell, with the S&P 500 down 0.45%, as the Fed raised rates 25bp for the first time since 2023. Brent oil slipped to $105/barrel. Bitcoin dropped below $76,000 after the Senate blocked the Clarity Act. J.B. Hunt Transport Services fell 13% on earnings warning, while Intel and SpaceX rose on news.

US stocks fell after the Federal Reserve raised interest rates to combat inflation, with the Dow, S&P 500, and Nasdaq declining. Tech shares gained, while energy stocks dropped due to easing oil prices. Chevron and ExxonMobil fell over 2%, while Intel rose 4% on chip manufacturing talks. Robinhood dropped 5.5% after crypto legislation failed and insider trading charges.