What to Expect in Markets This Week: A Post-Fed Inflation Reading and Earnings From a Hot Memory Maker
Dow Jones futures rose after strong Micron Technology earnings lifted chip and memory stocks. This positive movement coincides with the release of a multi-year high inflation reading. Investors continue to track the U.S. PCE price index.
What changed
Micron reported strong earnings that drove tech stocks higher despite a high inflation reading.
Live updates
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Micron Earnings Boost Tech as Inflation Data Hits Multi-Year High
confidence 80%Dow Jones futures rose after strong Micron Technology earnings lifted chip and memory stocks. This positive movement coincides with the release of a multi-year high inflation reading. Investors continue to track the U.S. PCE price index.
What's confirmed:
- Micron Technology reported strong earnings.
- The U.S. PCE price index is a focus for investors.
Still unconfirmed:
- Core inflation reached a multi-year high.
- Micron's memory boom led to Apple price hikes.
- NVIDIA is scheduled for an annual shareholder meeting.
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Markets Focus on Micron Earnings and U.S. Inflation Data
confidence 90%Investors are monitoring the U.S. PCE price index and Micron Technology earnings. NVIDIA is scheduled to hold its annual shareholder meeting. Other key reports expected this week include data from FedEx and major bank stress tests.
What's confirmed:
- Micron Technology is reporting earnings this week.
- The U.S. PCE price index is released on Thursday.
- NVIDIA is holding its annual shareholder meeting.
- FedEx is scheduled to report earnings this week.
Still unconfirmed:
- Intel is making new chip moves.