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US Stock Futures Surge on Micron’s Strong Forecast: Markets Wrap

US Stock Futures Surge on Micron’s Strong Forecast: Markets Wrap
Key Points

US Stock Futures Surge on Micron’s Strong Forecast: Markets Wrap US share futures gained after Micron Technology Inc.’s upbeat outlook reignited confidence in the artificial-intelligence trade, helping fuel a late rally on Wall Street. Contracts for the Nasdaq 100 soared over 2% and those for the S&P 500 rose 0.7% in early Asian trading, while an exchange-traded fund tracking the Nasdaq 100 gained 1.5% after the close of regular trading.

US Stock Futures Surge on Micron’s Strong Forecast: Markets Wrap US share futures gained after Micron Technology Inc.’s upbeat outlook reignited confidence in the artificial-intelligence trade, helping fuel a late rally on Wall Street. Contracts for the Nasdaq 100 soared over 2% and those for the S&P 500 rose 0.7% in early Asian trading, while an exchange-traded fund tracking the Nasdaq 100 gained 1.5% after the close of regular trading. Micron, the largest US maker of computer memory chips, surged 13% after forecasting sales that topped analysts’ estimates. Equity-index futures for Japan, Australia and South Korea also climbed.
US Stock Futures Surge (ORG) Micron (ORG) Markets Wrap US Stock Futures Surge (ORG) Markets Wrap US (ORG) Micron Technology Inc.’s (ORG) Asian (ORG) US (LOCATION) Japan (LOCATION) Australia (LOCATION) South Korea (LOCATION)
Originally published by Bloomberg Markets Read original →