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Stock Market Today: Nasdaq Futures Jump After Micron Earnings; Wendy's in Focus

U.S. stock futures climbed Thursday as strong Micron Technology results reignited confidence in AI and semiconductor stocks. Gains were supported by upbeat updates from Qualcomm. Investors are now awaiting the release of the Fed's preferred inflation gauge.

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What changed

Strong earnings from Micron and targets from Qualcomm have reversed a recent technology stock selloff.

Live updates

  1. Nasdaq and S&P 500 Futures Rise Following Micron Earnings

    U.S. stock futures climbed Thursday as strong Micron Technology results reignited confidence in AI and semiconductor stocks. Gains were supported by upbeat updates from Qualcomm. Investors are now awaiting the release of the Fed's preferred inflation gauge.

    What's confirmed:

    • Micron reported a 346% jump in sales.
    • Micron stock rose over 16% in premarket trading.
    • The Fed's preferred inflation gauge, the personal consumption expenditures price index, is scheduled for release at 8:30 a.m. ET on Thursday.
    • Nasdaq and S&P 500 futures rose Thursday.
    • Qualcomm provided bullish long-term targets.

    Still unconfirmed:

    • Micron employees became millionaires overnight following Q3 results.
    • Wendy's stock is jumping due to retail buzz.
    • Micron revenue quadrupled due to a memory crunch.
    • Micron has surpassed Nvidia and Meta as the tech margin king.
    • PCE has hit a 3-year high.
    confidence 90%