Dow Jones futures were slightly changed late on Tuesday, along with S & P 500 futures and Nasdaq futures. Shares on the stock market suffered considerable losses after politicians signaled that they would make big cuts in interest rates. Leading stocks were once again overwhelmed. After the closure, Micron Technology (MU) was superior to revenue reviews.
The Micron's Income Report also gave a modest boost to other chips, such as Advanced Micro Devices (AMD), Intel Digital (WDC) and Nvidia (NVDA). The chips sector struggled to recover after the Chinese Dacia Jones Futures Today
Dow Jones futures were flat against fair value in May. The S & P 500 futures were just above the fair value. Nasdaq 1
Remember that overnight action in Dow Futures and elsewhere is not necessarily a real deal at the next regular stock exchange. Dow Jones dropped 0.7% on Tuesday on the stock exchange, the S & P 500 lost 0.95% and the Nasdaq composite lost 1.5%. The largest averages are still not as far from today's peaks and have few days of distribution, which is a positive sign for the stock market rally. They fell sharply after growth stocks offered an early warning on Monday Shopify (SHOP) fell 9%, the biggest loss since early February. (19459005] (ADBE) and ServiceNow (SEGA) have also been the victims of hesitant breakthroughs
Among the best ETFs, an innovator IBD 50 (FFTY) slid by 1.9% and fell below the 50-day line. The expanded iShares ETF (IGV) technology sector has fallen by 2.25%, with only 50 days. VanEck Vectors Semiconductor ETF (SMH) retreated by 1.7% but higher overnight.
Fed's comments triggered heavy sales on Tuesday. St Louis President James Bullard, considered one of the most furious politicians, said he preferred a quarter-quarter cut in the July summit, but not half a point. Federal Reserve Chairman Jerome Powell said politicians should resist political pressure as President Donald Trump criticized the Federal Reserve critically
The stock market rally may have outpaced the S & P 500 index, which reached a record high Thursday . The highest average values had increased slightly since the beginning of June, even when the key Trump-Xi encountered the approaching ones.
Trump will take a hard line in China's trade talks with Chinese President Xi Jinping, according to a report further undercutting stocks.
Until there are clear signs of progress in trade talks in China, it's hard to see the stock market rally that has been sharply moved to a new high level.
Micron's profits fell 67 percent to $ 1.05 Shares adjusted by 39 percent to $ 4.79 billion in the fiscal quarter on May 30. Analysts expected Micron's revenue of 78 cents a share at $ 4.66 billion in sales, according to Zacks Investment Research
"While we see early signs of improving demand, we plan to cut our capital spending through the fiscal year 2020 to help improve the balance between supply and demand in the industry," said Chief Executive Sanjay Mehrot
. the current Q4, Micron sees EPS of 45 cents at sales of $ 4.5 billion. Analysts have predicted Micron's revenue of 59 cents per share for sales of $ 4.48 billion.
Meanwhile, Micron resumed some supplies to Huawei, finding that they did not violate US export restrictions for the Chinese giant. It is unclear how much revenue that these shipments will have, or if other chip manufacturers will be able to resume some Huawei supplies.
Micron shares jumped 8.5% late. Shares closed 1.5 percent to 32.68, not far from the bottom of 2019. Micron's relative power line has been at its worst for more than two years
Other Chip Stocks Rise
At least night, several chip stocks have advanced in sympathy with Micron. AMD's shares rose 1.7% after stocks closed 1.6% over their 50-day business, but below the final point of purchase. Intel shares rose 0.9 percent, Nvidia shares rose 0.9 percent, and Western Digital's stock closed at 3.4 percent. Lam Research (LRCX), chip manufacturers of heavy-industry equipment to the chip-memory industry rose by only 1% at night on plans AMAT and of Micron.
Investors gave up on chip recovery in 2019 Broadcom (AVGO) and Intel have been among those who have been poorly handled in recent weeks. The escalating trade war in China, especially the US ban on Huawei, is bad news for semiconductors.
Progress in trade with China will be a major asset for chip stocks and a wider stock market.
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