Wall St ends first day of third quarter with relief rally [Financial Post (Toronto, Ontario, Canada)]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Financial Post
All three major U.S. stock indexes reversed early losses to end in positive territory in the wake of the stock market’s worst first half in decades. Still, all three indexes posted losses for the week. “We’re headed into the holiday weekend and having a late-day relief rally,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. “But we’ll likely have to wait until investors return from the holiday weekend to see if it’s sustainable at the start of the new quarter.” Market participants now look to the second-quarter earnings season, the Labor Department’s June employment report, and the Federal Reserve’s monetary policy meeting expected later in July. The microchip sector dropped sharply after Micron Technology Inc warned of cooling demand, its shares pulling the broader semiconductor sector lower. Worries over waning demand in the face of decades-high inflation were reflected in the Institute for Supply Management’s (ISM) purchasing managers’ index, which showed
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News
- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times]The New York Times
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance]Yahoo! Finance
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha]Seeking Alpha
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- MU's page on the SEC website