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Updated 27d ago
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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.
What changed
Stock futures rose on AI sector strength and Micron's earnings despite high inflation data.
Live updates
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US Stock Futures Rise as Micron Earnings Boost AI Confidence
confidence 90%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.