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S&P 500 futures rise as Micron surges after earnings; Wall Street awaits key inflation reading
U.S. stock futures saw a notable increase following Micron Technology's strong earnings report, which exceeded analysts' expectations and significantly boosted its shares by nearly 15%. The earnings, along with positive guidance for the upcoming quarter, rejuvenated investor confidence in semiconductor stocks and led to broader gains in the tech sector. Many investors are also looking ahead to key inflation metrics due for release, which could further inform market trends.
MonitorConfidence: HighShort term horizon
Published 24 Jun 2026, 22:55 UTC2 min read
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Summary
TL;DR
- S&P 500 futures rose 0.5% and Nasdaq 100 futures climbed 1.9%
- Micron Technology's shares surged almost 15% post-earnings report
- Micron's forecasted revenue of $50 billion exceeds analysts' expectations
- Qualcomm also rose 14% after its revenue guidance was increased
- Investors await inflation data with potential impacts on federal monetary policy
Interesting facts
- Micron's quarterly revenue increased from $11.3 billion a year ago to $50 billion this forecast period.
- Market analysts see a positive rotation from tech to other sectors such as industrials and financials.