US stocks wobbled on Thursday after chipmaker Micron’s outlook put a dent in tech-rally hopes, as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 was little changed, paring earlier still-slight losses after rising Wednesday to close not far short of a new all-time high. The Dow Jones Industrial Average slipped 0.1%, while the tech-heavy Nasdaq Composite was also flat.
Investors were weighing a new batch of economic data ahead of the PCE inflation print on Friday that will influence the Fed's thinking on timing of interest-rate cuts. A reading on initial weekly jobless claims came in at 233,000, a decrease of 6,000 from the previous week, according to Department of Labor data. The print came in below a consensus expectation of 235,000.
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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.
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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
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Stocks close in the green, Micron, Levi Strauss earnings: Market Domination OvertimeAll three of the market averages (^GSPC, ^DJI, ^IXIC) closed Wednesday in the green, the Nasdaq Composite moving half of a percent higher after facing some...
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Nvidia's price target, Micron a 'top pick': Chip stocksNvidia (NVDA) received a price target hike to $150 per share from Jefferies analysts, while Citigroup maintained its Buy rating on Micron Technology (MU...
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Stock market today: Stocks waver ahead of Fed as Apple surges to recordInvestors braced for a Federal Reserve meeting that should signpost the path of interest rates, with a key inflation print also waiting in the wings.
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