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CNBC
Stock futures steady ahead of Micron earnings as traders debate how far tech sell-off will go, Kospi jumps over 3%
U.S. stock futures were steady Tuesday night, with attention on Micron Technology's earnings report due after market hours. The technology sector, particularly semiconductor stocks, suffered a significant sell-off recently, prompting traders to reassess risks and opportunities. In Asia, the Kospi index advanced over 3% following prior volatility, suggesting selective recovery amid concerns about broader tech market stability.
MonitorConfidence: HighShort term horizonExecution risk: High
Published 24 Jun 2026, 00:55 UTC2 min read
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Summary
TL;DR
- Micron's earnings report scheduled for after market close.
- Technology sector experienced a sharp sell-off with semiconductor stocks particularly hard hit.
- The Kospi index in South Korea rebounded over 3%.
- Traders shifted towards defensive stocks like Walmart and IBM.
- Analysts project Micron's earnings of $20.83 per share.
Interesting facts
- Micron shares reached an all-time high of $1,051.77 earlier in 2026.
- The market sentiment is mixed, with volatility in both U.S. and Asia-Pacific markets.
- A potential decline in GPU rental prices is causing concern among traders.