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The latest inflation report just knocked down a key risk for markets — and stocks are soaring [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
Micron is also soothing jitters in the AI sector, where investors have been nervous about high valuations. Stock investors got two pieces of good news on Thursday. US stocks jumped as investors took in a cooler-than-expected inflation report , bolstering confidence in the economy and lifting hopes that the Fed will continue its rate-cutting cycle heading into next year. Consumer prices rose 2.7% year-over-year, according to the Bureau of Labor Statistics, lower than the 3.1% annualized increase economists were expecting. Meanwhile, the tech sector got a break after days of weakness. Chip stocks, led largely by Micron Technology , which jumped as much as 14%. The chipmaker reported strong earnings and issued robust guidance, helping to erase some losses from Wednesday's session. Major indexes rose in the early morning and surged on the CPI release. The tech-heavy Nasdaq Composite rose more than 1%. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on T
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- Asian markets rise as US inflation eases, Micron soothes tech fears [Yahoo! Finance][Yahoo! Finance]
- This Analyst Just Raised Their Micron Stock Price Target by 50%. Should You Buy Shares Here? [Yahoo! Finance][Yahoo! Finance]
- Asia-Pacific markets set to rise as investors await Bank of Japan decision [CNBC][CNBC]
- Is Micron Stock a Buy After Q1 Earnings? [Yahoo! Finance][Yahoo! Finance]
- Why Micron Stock Jumped Today [Yahoo! Finance][Yahoo! Finance]
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