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Why Micron Technology (MU) Shares Are Sliding Today [Yahoo! Finance]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
S&P 500 fell by 0.9%. Netflix reported mixed results to kick off the new earnings season. The video-streaming giant provided underwhelming sales guidance for the full year and guided for growth to decelerate in the second half of the year. Also, Netflix surprisingly announced it will stop disclosing subscriber count (starting in the first quarter of 2025), and this is contributing to the market's concerns about the business. The company's post-earnings stock decline is likely dampening the sentiment toward tech stocks. Also, it was a challenging week for most risk assets following news of escalating tension between Israel and Iran, which is raising concerns among investors, given the potential disruptions to business supply chains, especially in the Middle East. These add to the ongoing inflation worries after the March 2024 CPI (Consumer Price Index - a gauge of the average price consumers pay for goods and services) report revealed inflation came in slightly hotter than expected
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- 5/1/24 - Form 144
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