Wendy's jumps 25% on meme-stock rally; SK Hynix plans $29.4B Nasdaq listing; FedEx issues cautious 2026 EPS guidance.

Wendy's shares surged over 25% after meme-stock traders targeted its high short interest and strong brand, pushing the stock from a multi-year low. Jack in the Box also rose over 15% amid similar trading dynamics. Meanwhile, SK Hynix announced plans for a $29.4 billion Nasdaq listing scheduled for July 10, signaling a major move in the semiconductor sector. FedEx reported earnings above expectations but issued cautious EPS guidance for 2026, barely exceeding consensus estimates. Adobe data showed a 5.3% increase in online spending on the first day of Amazon's Prime Day event, while economic indicators suggest the World Cup has not significantly boosted U.S. economic activity.