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Stock Market Today: Nasdaq Opens Higher After Micron Earnings; Wendy's in Focus

U.S. stock futures and indices are trending higher following strong earnings and forecasts from Micron and Qualcomm. The surge in AI and semiconductor stocks has revived market optimism despite awaiting key inflation data. Some indices show mixed results as Apple shares declined.

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What changed

Micron's earnings report triggered a broad rally in AI chip stocks and pushed futures higher.

Live updates

  1. Nasdaq and S&P 500 Rise as Micron Earnings Fuel AI Chip Rally

    U.S. stock futures and indices are trending higher following strong earnings and forecasts from Micron and Qualcomm. The surge in AI and semiconductor stocks has revived market optimism despite awaiting key inflation data. Some indices show mixed results as Apple shares declined.

    What's confirmed:

    • Micron and Qualcomm forecasts sparked a rally in AI chip stocks.
    • Micron's stock experienced a 19% rally.
    • Dow, S&P 500, and Nasdaq futures rose following Micron's earnings.
    • The Dow jumped 598 points as Micron surged.
    • Investors are awaiting a key inflation reading from the Fed.

    Still unconfirmed:

    • Wendy's is jumping on retail buzz.
    • JPMorgan warns that retail investors are pulling back on leverage in options and margin accounts.
    • Apple fell 5% and dragged the Nasdaq lower.
    confidence 90%