Traders work on the floor of the New York Stock Exchange.
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U.S. stock futures were mostly flat Tuesday night as traders awaited stock market announcements. micron technologyrevenue report
S&P500 futures and Nasdaq 100 futures The decline was less than 0.1%. Futures linked to the Dow Jones Industrial Average It fell by 45 points (approximately 0.1%).
Micron stock and sandisk Both rose about 1% in after-hours trading. Two memory stocks fell 13% in regular trading. of Round Hill Memory ETF (DRAM)which fell 14% in the regular session and rebounded 2%.
alphabet It also rose slightly after S&P Global announced that Google’s parent company will be added to the Dow 30 stock market ahead of next Monday’s trading.
The loss of the technology sector has dragged on the economy S&P500 and heavy use of high technology Nasdaq Composite They fell on Tuesday, with averages down 1.44% and 2.21%, respectively. Excellent company Dow Jones Industrial Average The difference was 45.87 points (0.09%).
Investors sold semiconductor stocks in Tuesday’s trading. VanEck Semiconductor ETF (SMH) It ended the day down 7%. intel 6% down; Qualcomm 8% reduction. Traders moved to more defensive names and were raised walmart Almost 2% more tech industry heavyweights IBM 5%.
“When you hear the discussion about the exhaustion of technical positioning, I would argue that while that may be true, there may also be fundamental risks emerging,” Dan Skelly, head of market research and strategy at Morgan Stanley Wealth Management, said on CNBC’s “Closing Bell: Overtime” Tuesday afternoon.
“We’ve heard that there’s a price war going on between some model builders, we’ve heard that rental prices for older GPUs are starting to go down, and we’ve also seen a change in attitude from Microsoft, which led the AI launch three years ago with its ChatGPT and Open AI partnerships,” he added. “Microsoft is currently discussing a change in strategic direction to a lower-priced model.”
Micron is scheduled to release updated financial results after the market closes on Wednesday. Analysts polled by FactSet expected earnings of $20.83 per share and revenue of $35.75 billion.
Micron has had an astronomical performance in 2026, with its stock hitting a new all-time high on Monday. But Jay Woods, chief market strategist at Freedom Capital Markets, warned that the stock could fall after the earnings release.
“We’re going to watch this pull back. If it does, we’ll see it pull back to $1,000. That sounds like a big drawdown, but it starts matching up with this 20-day moving average, so traders will be watching this.”
A drawdown to the $1,000 level would cause Micron’s stock price, which closed Tuesday at $1,051.77 per share, to drop nearly 5%.
Paychex It plans to report earnings before the opening bell on Wednesday. Investors will also be keeping an eye on the number of construction permits and new home sales in May.
