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The Dow survived the week, and that counts. It rallied more than 1% to settle just below 52,000, eking out a weekly gain while the S&P 500 and Nasdaq stumbled — old-economy names became a feature, not a bug, as money fled tech for healthcare and consumer staples. JPMorgan raised its S&P 500 year-end target to 7,800 from 7,600, admitting it had been "much too cautious" on earnings and now forecasting $350 per share in 2026 EPS — 29% growth. The S&P 500 is...
The Dow Jones Industrial Average closed the week up more than 1% just below 52,000, nursing a fresh record high near 52,300 — but don't mistake that for conviction. This was a defensive rally built on what investors were running from, not what they were running toward. Healthcare was the week's top sector, with major drugmakers rising between 2% and 6%, while consumer staples, financials, and utilities...
America's inflation villain just showed a sliver of restraint. Thursday's PCE data — the Fed's favorite inflation gauge — came in with a monthly reading of 0.4%, below the 0.5% consensus. Markets immediately repriced rate hike expectations: July odds dropped to 28.9% from 34.2%, and September probabilities slid to 60.1% from 65.7%. The US Dollar Index weakened below 101.50, giving risk assets breathing room. Fed's Austan Goolsbee called it a...
$22 billion. That's the value of long-term customer agreements Micron signed in Q3 — locking in memory supply for data centers, automakers, and beyond. The chipmaker's stock surged 14-18% on Thursday, capping a 724% run over the past year. Investors are betting the memory cycle has structurally changed.
Wall Street staged a powerful comeback Thursday as Micron Technology's blowout earnings reignited the AI trade, with chip stocks adding over $400 billion in market value. The Dow Jones Industrial Average flirted with all-time highs even as Apple dragged on the S&P 500 and Nasdaq.
Micron delivered the strongest quarter in its history, posting Q3 revenue of $41.46 billion — a 16.2% beat — and EPS of $25.11 versus the $20.49 estimate. Shares surged nearly 14% in...
Micron just threw a defibrillator at a market that was flatlining on AI fatigue. After Wednesday's listless session — the Nasdaq 100 slid 0.4% and the S&P 500 dipped 0.1% — futures are ripping higher. Nasdaq 100 futures are up 2.25% near 30,180, S&P 500 futures gain 0.80% around 7,490, and the Dow trails at +0.15% near 52,350.
The catalyst: Micron delivered a Q3 beat with revenue of $41.46 billion (up 345.7% YoY) and dropped a Q4 revenue forecast of **$50...
The smartest money on Wall Street is framing Tuesday's tech rout as a healthy shakeout, not a structural breakdown. Morgan Stanley's Andrew Slimmon argues the sell-off that erased over $1 trillion from Nasdaq 100 market value was a feature, not a bug. "The AI beneficiaries fell because the trade became crowded, not because fundamentals broke," he said, calling it a reset that flushes out momentum chasers. On the chart, a **bull flag pattern in the S&P 500 remains firmly in...
Nasdaq 100 futures are up 0.5% and S&P 500 futures inch 0.2% higher as US tech stocks attempt a rebound after AI valuation fears erased nearly $1.3 trillion from the index over Monday and Tuesday. The VIX is retreating after touching 20 on Tuesday.
Micron Technology reports earnings this afternoon — and it's suddenly the most consequential print in months. The memory-chip maker's shares have surged 269% this year and are the single biggest point contributor...
324.61% — That's Micron's year-to-date gain through June 22. The memory-chip giant, the third-best-performing stock in the S&P 500 in 2026, reports fiscal Q3 earnings after the close today. And it's carrying the entire AI trade on its back: exclude Micron and Nvidia from the tech sector, and earnings growth drops from 50.7% to just 28.5%, per FactSet.
Tuesday's session was a bloodbath for everything with a chip in it. The Nasdaq Composite cratered 2.5% at the opening bell as a global tech rout that started overnight in Seoul washed onto Wall Street. South Korea's KOSPI crashed 10% — its worst session in years — after memory giants Samsung Electronics and SK Hynix got obliterated. The S&P 500 shed roughly 1%, though the Dow's old-economy tilt kept the blue-chip index in better...
The Dow Jones Industrial Average closed Monday up 167 points (+0.3%) near 51,750 — a green number that's pure smoke and mirrors. Peel back the hood and the S&P 500 slipped 0.3% while the Nasdaq Composite got absolutely shredded, dropping 1.1%. This wasn't strength. It was a rotation so violent that the Dow became the passive beneficiary of capital fleeing everything with a growth multiple.
| Index | Change |
|---|---|
| Dow Jones | +0.3%... |