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Stock Market Today: The Dow Jones index rose Thursday ahead of a key inflation gauge. Micron stock rocketed 17% on earnings.
US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start o
US stocks look set for a strong rebound on Thursday, with technology shares leading the charge after upbeat results from Micron reignited enthusiasm for the artificial intelligence trade following three consecutive days of losses for the Nasdaq. Nasdaq futures jumped 2.2%, pointing to a...
Stronger-than-expected earnings from Micron Technology an outlook that topped Wall Street forecasts, and a message from CEO Sanjay Mehrotra that there was no “line of sight” for supply keeping pace with increasing demand in the memory chip market will add more than $200 billion in market value to the S&P 500’s star-performing stock since the start of the year. Global oil prices, meanwhile, extended their long monthly retreat in overnight trading, and changed hands at levels last seen prior to the first U.S. attacks on Iran on Feb. 28. The moves peg one-month losses for Brent crude futures, the global pricing benchmark, at nearly 25%, and peg U.S.-focused West Texas Intermediate crude south of the $70 a barrel mark for the first time since February.
Alphabet’s addition to the Dow will give the index more AI exposure... though not as much as you might think. Under the Dow’s methodology, higher-priced stocks are given more weight, meaning the Google parent will make up 4% of the index when it joins on Monday, while Goldman Sachs and Caterpillar make up more than 10% each.
Wall Street futures pointed solidly higher pre-bell Thursday after memory-chip maker Micron Technolo
Investing.com - U.S. stock futures point higher on Thursday, with technology shares leading gains after strong results from Micron and upbeat forecasts from Qualcomm reignited optimism around the artificial intelligence trade.
A modest projected decline in overall inflation for June doesn't tell the complete story.
Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.
June 25 (Reuters) - Nasdaq futures jumped 2% on Thursday after upbeat forecasts from chipmakers Micron and Qualcomm pointed to strong demand for artificial intelligence infrastructure, lifting
By Ankur Banerjee SINGAPORE, June 25 (Reuters) - Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-
Shares were mostly higher Thursday in Asia, led by tech-driven gains in Japan and South Korea as major computer chipmakers’ stocks surged following upbeat earnings reports from U.S. giants like Qualcomm and Micron Technology. Oil prices fell more than $1, bringing them closer to where they were before the war with Iran started. Qualcomm’s share price surged 12% in afterhours trading after the company announced it had raised its forecast for revenue this year to $40 billion from $22 billion.
The Nasdaq Composite fell again today, but blockbuster earnings from Micron Technology could offer a boost tomorrow. The Dow Jones Industrial Average rose 182 points, or 0.4%. The iShares Semiconductor exchange-traded fund, or SOXX, rallied about 2.5% off its intraday low to finish the day down just 0.1%.
Broader tech sell-off continued on Wednesday as investors awaited Micron earnings to judge the demand for AI and memory chips.
In the latest trading session, Western Union (WU) closed at $7.24, marking a +2.99% move from the previous day.
In the most recent trading session, Western Midstream (WES) closed at $42.11, indicating a -3.22% shift from the previous trading day.
The latest trading day saw Dominion Energy (D) settling at $69.26, representing a +1.18% change from its previous close.
In the most recent trading session, Rocket Lab Corporation (RKLB) closed at $85.41, indicating a -10.21% shift from the previous trading day.
In the closing of the recent trading day, Waste Management (WM) stood at $223.26, denoting a +2.02% move from the preceding trading day.
The latest trading day saw VirTra, Inc. (VTSI) settling at $3.2, representing a -1.54% change from its previous close.