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Stock impact report

Futures rise as chip stocks bounce back after sell-off [Reuters]

Applied Materials, Inc. (AMAT) 
Last applied materials, inc. earnings: 2/12 04:01 pm Check Earnings Report
Company Research Source: Reuters
awaited Federal Reserve policymakers' stance on interest-rate cuts in the face of resilient economic data. Chipmakers such as Advanced Micro Devices (AMD.O) New Tab , opens new tab , Nvidia (NVDA.O) New Tab , opens new tab and Applied Materials (AMAT.O) New Tab , opens new tab gained between 0.3% and 0.7% in premarket trading. Micron Technology (MU.O) New Tab , opens new tab advanced 1.7% after a report that the memory-chip maker is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects. The Philadelphia Semiconductor Index (.SOX) New Tab , opens new tab , which dropped over 3% on Wednesday, was down nearly 13% from the record high levels seen last month. Also easing some pressure off equities, Treasury yields fell slightly from the elevated levels seen earlier in the week, with the yield on the 10-year note last at 4.5772%. All three major indexes closed lower in the last session, with the S&P 5 Show less Read more
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