{"id":5243,"date":"2026-06-24T15:17:01","date_gmt":"2026-06-24T15:17:01","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5243"},"modified":"2026-06-24T15:17:01","modified_gmt":"2026-06-24T15:17:01","slug":"dow-rises-as-tech-rebounds-ahead-of-micron-earnings-after-recent-sell-off","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5243","title":{"rendered":"Dow rises as tech rebounds ahead of Micron earnings after recent sell-off"},"content":{"rendered":"
<\/div>\n

Wall Street indices opened higher on Wednesday as investors rotated back into beaten-down technology stocks and positioned ahead of key earnings from Micron Technology.<\/p>\n

The positive start follows two straight sessions of losses driven by concerns over AI-related spending and interest rates.<\/p>\n

The Dow Jones Industrial Average was up 67 points. While the S&P 500 rose 0.44% and the Nasdaq Composite gained 0.6%. <\/p>\n

The move comes after the S&P 500 and Nasdaq Composite fell 1.44% and 2.21% in the previous session, extending a tech-led sell-off that wiped out more than $1 trillion in value from the Nasdaq 100 over recent days.<\/p>\n

Oil prices also extended declines, with Brent crude falling 3% to around $74 a barrel and West Texas Intermediate slipping 3% to around $71, as geopolitical tensions in the Middle East remained in focus.<\/p>\n

Memory chips recover as focus shifts to Micron results<\/h2>\n

Semiconductor and memory chip stocks led the rebound after sharp losses on Tuesday. <\/p>\n

Micron Technology rose about 2.11% in trading, while SanDisk added 2.7%, recovering part of its 13% decline in the prior session. <\/p>\n

The Roundhill Memory ETF also moved higher after dropping 14% on Tuesday.<\/p>\n

Micron\u2019s earnings, due after the closing bell<\/a>, are now a key focal point for investors assessing the durability of the AI-driven semiconductor rally.<\/p>\n

Micron has been one of the standout performers of the year, rising more than 268% in 2026 despite recent volatility. <\/p>\n

Analysts surveyed by FactSet expect earnings of $20.83 per share on revenue of $35.75 billion.<\/p>\n

Other chipmakers also rebounded in trading, with Intel and Qualcomm both up more than 1% after steep losses in the previous session.<\/p>\n

AI spending concerns and Fed outlook continue to weigh on sentiment<\/h2>\n

The recent market weakness has been driven by concerns over debt-funded artificial intelligence infrastructure spending and expectations of a more hawkish Federal Reserve.<\/p>\n

Traders are increasingly pricing in a potential second rate hike by the Fed by December-end, according to CME Group\u2019s FedWatch tool, as inflation expectations remain elevated. <\/p>\n

Investors are also awaiting Thursday\u2019s release of the Personal Consumption Expenditures Price Index, the Fed\u2019s preferred inflation gauge, with economists expecting a reading of 4.1%.<\/p>\n

Concerns over the AI trade have also broadened beyond chips. <\/p>\n

Analysts pointed to pricing pressure and shifting strategies among major technology firms, including changes in approach from Microsoft regarding lower-cost AI models.<\/p>\n

Despite recent volatility, JPMorgan raised its year-end S&P 500 target to 7,800 points, citing strong earnings momentum and economic resilience.<\/p>\n

Broader markets stabilize as earnings and geopolitics remain in focus<\/h2>\n

Outside of technology, several notable stocks moved on company-specific developments. <\/p>\n

Cerebras Systems fell 11.24%<\/a> after forecasting lower full-year profit margins in its debut earnings report since going public. <\/p>\n

FedEx dropped 0.3%<\/a> after reporting weaker margins in its core delivery business, while Hertz plunged 23% following a weak outlook and a planned equity offering.<\/p>\n

Alphabet gained 1.66% after S&P Global said it would replace Verizon in the Dow Jones Industrial Average, adding to its recent strength.<\/p>\n

As investors await Micron\u2019s results, sentiment remains balanced between renewed buying in beaten-down tech stocks and lingering concerns over valuations, monetary policy, and AI-driven capital spending.<\/p>\n

The post Dow rises as tech rebounds ahead of Micron earnings after recent sell-off<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Wall Street indices opened higher on Wednesday as investors rotated back into beaten-down technology stocks and positioned ahead of key earnings from Micron Technology.The positive start follows two straight sessions of losses driven by concerns over AI-related spending and interest rates.The Dow Jones Industrial Average was up 67 points. While the S&P 500 rose 0.44%…<\/p>\n","protected":false},"author":1,"featured_media":5244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5243"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5244"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}