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Stock Market Today: Nasdaq Stumbles Despite Micron Blockbuster Earnings; Wendy's in Focus

The Dow Jones index rose while the Nasdaq and S&P 500 slipped. Micron shares soared following a blowout earnings report, though Apple's decline dragged Big Tech lower. Investors are also reacting to a hot personal consumption expenditures price index reading.

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What changed

Market focus shifted to the contrast between Micron's earnings surge and Apple's stock slump.

Live updates

  1. US Markets Mixed as Micron Surges and Apple Slumps

    The Dow Jones index rose while the Nasdaq and S&P 500 slipped. Micron shares soared following a blowout earnings report, though Apple's decline dragged Big Tech lower. Investors are also reacting to a hot personal consumption expenditures price index reading.

    What's confirmed:

    • Micron shares surged following a blowout earnings report.
    • Apple stock slumped and dragged Big Tech lower.
    • The Dow Jones index rose while the Nasdaq and S&P 500 declined.
    • The Fed's preferred inflation gauge, the personal consumption expenditures price index, came in hot.
    • The personal consumption expenditures price index reading was released at 8:30 a.m. ET on Thursday.

    Still unconfirmed:

    • The Nasdaq has posted a four-day losing run.
    confidence 90%