Investing.com-- The S&P 500 climbed to another closing record Thursday, as a Micron-led surge in chip stocks and stronger economic data stoked sentiment on stocks.) surged nearly 15% to lead chip stocks and the broader market higher after the memory chip delivered blowout guidance for the current quarter following fiscal fourth-quarter results that topped Wall Street estimates.
The firm is one of the biggest memory chip makers in the world, and said it was benefiting greatly from robust AI demand, which ramped up sales of its high-bandwidth memory chips.) failed to join in on the rally after the Wall Street Journal reported that the Department of Justice launched an investigation into the company, sending its shares more than 12% lower.) stock rose over 5% after the carrier raised its revenue-per-capacity guidance for the current quarter and announced a new $2.
Chair Jerome Powell didn't deliver any notable comments on monetary policy on Thursday, though Treasury Secretary Janet Yellen said the labor market suggests that the economy is on a path to a soft landing.) closed sharply higher, supported by a pledge from China to deliver fiscal stimulus to boost the economy and meet the country's roughly 5% growth target.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »