Costco shares are down slightly in premarket trading after disappointing same store sales numbers. … [+] (Photo by Joe Raedle/Getty Images) Getty Images Key Takeaways S&P 500 Hits Its 42nd High, Signaling Broad Market Strength With 80% Stocks Above Moving Averages China’s Stimulus Boosts Stocks, But Concerns Linger About Long-Term Effectiveness Of Government Intervention PCE…
Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. The chipmaker’s Q4 revenue hit $7.75 billion, nearly double last year’s fourth-quarter performance. Other chip stocks also rallied on Thursday after Micron’s revenue guidance. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
The S&P 500 notched a new record on Thursday amid encouraging labor-market data and China stimulus. Micron was a big gainer, surging as much as 20% on strong earnings. Personal consumption expenditure data, the Fed’s preferred inflation gauge, comes out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Illustration: FeatureChina (AP) In This Story Global chip stocks rallied after U.S.-based Micron’s (MU) revenue forecast topped Wall Street’s expectations. Investors should hope for a divided Congress, strategist says Micron shares were up over 18% in pre-market trading on Thursday morning, then stayed up around 17% after the market open. Micron’s earnings report boosted global…
US stock futures jumped on Thursday, setting the stage for fresh record highs as investors welcomed Micron’s (MU) upbeat earnings and China’s pledges of more stimulus while they waited to hear from Jerome Powell. Dow Jones Industrial Average futures (YM=F) rose 0.4%, while S&P 500 futures (ES=F) added 0.8% after both gauges slipped back from…
(Reuters) – U.S. stock index futures rose on Thursday, as a wave of optimism around artificial intelligence gripped Wall Street following Micron’s upbeat forecast, while investors also awaited economic data and remarks from Federal Reserve Chair Jerome Powell. Micron Technology jumped 15.8% in premarket trading after the memory chip maker forecast higher than expected first-quarter…
Asian markets have been boosted by a rally in tech firms, fuelled by hopes for demand for all things AI (Mohd RASFAN) Tech firms led an Asian market rally Thursday on renewed optimism about demand for AI equipment following a strong earnings outlook from US chip giant Micron. News that South Korean behemoth SK hynix…
On today’s episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton analyze the market close and report on Micron’s (MU) latest earnings. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) have pulled back from their all-time highs, with the Dow snapping its four-day winning streak. Citi US equity strategist Drew…