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Stock market today: Dow, S&P 500, Nasdaq futures rise as Micron eases AI fears, PCE hits 3-year high

Nasdaq, S&P 500, and Dow futures climbed following strong forecasts from Micron and Qualcomm. This tech rebound occurred despite a PCE inflation gauge hitting a 3-year high. Micron's results reignited investor optimism regarding the AI trade.

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What changed

Stock futures rose on AI sector strength and Micron's earnings despite high inflation data.

Live updates

  1. US Stock Futures Rise as Micron Earnings Boost AI Confidence

    Nasdaq, S&P 500, and Dow futures climbed following strong forecasts from Micron and Qualcomm. This tech rebound occurred despite a PCE inflation gauge hitting a 3-year high. Micron's results reignited investor optimism regarding the AI trade.

    What's confirmed:

    • Nasdaq futures jumped 2%.
    • Micron and Qualcomm forecasts helped boost U.S. stock futures.
    • The PCE inflation gauge reached a 3-year high.
    • The Dow Jones, Nasdaq 100, and S&P 500 indices rose on Thursday.

    Still unconfirmed:

    • Micron reached a $1 trillion market cap.
    • The Dow Industrials closed above 52,000 on Monday.
    • Falling oil prices are sparking economist debates over inflation and demand.
    confidence 90%