Wall St set for subdued open after economic data; Micron drags chip stocks lower

June 27 - U.S. main stock indexes were set to open muted on Thursday as a slump in Micron after a lackluster forecast weighed on some semiconductor stocks, while investors parsed a string of economic data ahead of this week's crucial inflation report.

The data comes ahead of Friday's release of the monthly personal consumption expenditures price index - the Federal Reserve's preferred inflation gauge. Other semiconductor stocks including AI-trade favorite Nvidia , opens new tab fell 1.2%, while Arm Holdings , Qualcomm , opens new tab and Advanced Micro Devices , opens new tab also edged lower.

"It's going to be a bit difficult for the tech sector to drive on the market the way that it's done as we're entering a more consolidative, choppy phase." Further, President Joe Biden and former President Donald Trump are set to face each other in the first debate during the day, ahead of their rematch this November.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Micron Q3 earnings top Wall Street estimatesMicron Technology (MU) reported third quarter results that topped Wall Street estimates on both the top and bottom lines. The chip company reported adjusted ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic dataEuropean stocks steady ahead of inflation data, yen near 38-year low
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Futures edge lower as Micron drags chip stocks down ahead of dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Stock market today: US futures slip as Micron slides, with data on deckA sell-off in Micron put a dent in the AI bullishness that has fueled the tech-driven rally, as investors eye fresh economic data.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

GDP, jobless claims data, Micron earnings tank chip sector: Yahoo FinanceWall Street is digesting a slew of economic data this morning, with the latest readings on jobless claims and GDP figures providing a fresh read on the...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »