|Day's Range||21.65 - 21.95|
President Trump threatening more tariffs on China if talks with them break down. CFRA Chief Investment Strategist Sam Stovall, NYU Stern School of Business Economics Professor Nicholas Economides joins Yahoo Finance's Seana Smith.
Profits reports are beginning to paint a troubling picture for much of corporate America, especially for multinational companies with exposure to China.
Stock futures: After Wednesday's stock market rally fizzled, Wedbush initiated coverage on AMD, Intel and Nvidia stock. The FAA has found a Boeing 737 Max "risk."
The Dow Jones Industrial Average ended down Wednesday after Treasury Secretary Steven Mnuchin said the U.S. and China were "about 90% of the way" to reaching a trade agreement, while President Trump said he wants to make a trade deal with Beijing, but is happy where things are now. rose after the chipmaker's fiscal third-quarter earnings and revenue beat Wall Street forecasts and the company said it expects a solid rebound in memory demand later this year. Micron Technology is Real Money's Stock of the Day.
The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China. Technology shares led the Nasdaq higher while the Dow Jones Industrial average posted a nominal loss.
The energy sector and technology stocks led the market Wednesday, but indexes closed the session in weak form, making negative price reversals.
As my colleague Jitendra Parashar wrote recently, the S&P 500 opened higher today after Treasury Secretary Steven Mnuchin indicated that a deal is 90% done.
On May 15, the US banned US companies from selling or buying technology deemed critical to national security from China’s Huawei and its 67 affiliates blacklisted by the government. Micron (MU) earned 13% of its revenue from Huawei in the first half of fiscal 2019.
Western Digital stock has gotten some potentially good news from its competitor Micron’s latest earnings report, according to Craig-Hallum.
Time and time again over the last six months, chip stocks have shown a knack for reminding us just how low Wall Street's expectations are for the group, thanks to trade tensions and a cyclical downturn. May quarter report is the latest case in point -- particularly given that chip equipment makers are joining chip suppliers in trading higher. Certainly, much of what was shared via Micron's earnings report and call was far from rosy.
Technology shares led the S&P 500 and the Nasdaq higher on Wednesday after remarks by Treasury Secretary Steven Mnuchin rekindled hopes for a de-escalation of U.S.-China trade tensions and brought buyers back from the sidelines. All three major U.S. stock indexes were up, though off session highs.
NEW YORK, NY / ACCESSWIRE / June 25, 2019 / Micron Technology, Inc. (NASDAQ: MU ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on June 25, 2019 at 4:30 PM Eastern ...
On July 25, Micron Technology (MU) stock rose as high as 10% in after-hours trading as investors reacted to its better-than-expected fiscal 2019 third-quarter earnings results. However, the stock is likely to fall by the end of this week.
The Dow Jones Industrial Average is getting a lift thanks in part to Microsoft. Chip, fiber optic and software firms boost the Nasdaq higher.
Wall Street rose on Wednesday, as technology shares gained on the back of Micron's upbeat results, while comments from Treasury Secretary Steven Mnuchin fueled hopes that the United States and China were making progress in their trade talks. "We were about 90% of the way there (with a deal) and I think there's a path to complete this," Mnuchin said in an interview to CNBC. President Donald Trump said earlier in the day it was "absolutely possible" he would emerge from a meeting with Chinese leader Xi Jinping with a deal that would keep him from imposing tariffs he had threatened to put on China.