S&P 500 information technology sector hit a two-week high, up 2.2%.

SK Hynix and its Korean union held a fifth round of bonus talks on Tuesday at the company’s Cheongju plant and remain deadlocked over the size and structure of a generous bonus package. Last year SK Hynix agreed to allocate 10% of annual operating profit to employees; a Reuters calculation implies that would amount to about KRW 779 mln per employee for 2026 (≈$547,127). In a notice to members the union said management proposes paying more than half the bonus in stock with sale restrictions and reserves the right to adjust payouts if the company posts a loss; the union said it will not accept any arrangement that forces members to bear share-price risk.

BP CEO says the company is delaying the sale of its stake in Gulf of Mexico assets.