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0 0.000605815831987099 -0.000969305331179243 -0.00226171243941843 0.00339256865912764 0.00723747980613894 0.00753917609046853 0.00767366720516965
Stock impact report

Wall Street rises after an encouraging inflation update, as Micron helps AI stocks stop their slide [Los Angeles Times (CA)]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
A strong profit report from Micron Technology also helped AI stocks halt their sharp slides, at least for now. The S&P 500 climbed 0.8% and broke a four-day losing streak. The Dow Jones Industrial Average added 65 points, or 0.1%, and the strength for tech stocks sent the Nasdaq composite up a market-leading 1.4%. Some relief came from a report showing that inflation was less bad last month than economists expected. That could soothe nerves at the Fed, which is responsible for keeping inflation low and for keeping the job market strong. Inflation is still higher than anyone would like, at 2.7% last month, but if it creeps closer to the Fed's target of 2%, Fed officials could feel freer to cut interest rates to help a slowing job market. Wall Street loves lower rates because they can boost the economy and prices for investments, even if they may also worsen inflation. To be sure, some along Wall Street said Thursday's inflation update may not move the needle much at the Fed giv Show less Read more
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