Business & Finance
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.