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Stocks rise after Micron's strong earnings, in-line inflation data: Live updates

US stock indices and futures rose following strong quarterly results from Micron Technology. The gains in semiconductor and AI-linked stocks offset concerns from a new inflation report. Investors are weighing these earnings against the latest PCE data.

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What changed

Micron reported a significant revenue increase and the US PCE inflation measure exceeded 4.0%.

Live updates

  1. US Stocks Rise as Micron Earnings Boost Chip Sector amid Inflation Data

    US stock indices and futures rose following strong quarterly results from Micron Technology. The gains in semiconductor and AI-linked stocks offset concerns from a new inflation report. Investors are weighing these earnings against the latest PCE data.

    What's confirmed:

    • Micron Technology revenue grew from $9.3 billion a year earlier to $41.46 billion.
    • The US PCE inflation measure topped 4.0% in May.
    • Micron stock rose following its Q3 earnings report.
    • S&P 500 and Dow Jones futures increased.

    Still unconfirmed:

    • Micron stock surged 15% or 18% specifically.
    confidence 85%