Wall Street Closes Mixed Ahead of Micron Earnings

2026-06-24 20:10 By Isabela Couto 1 min. read

US equities closed mixed on Wednesday amid losses for heavyweight tech companies.

The S&P 500 inched down 0.1% and the Nasdaq 100 lost 0.4%.

Micron dropped 0.4% ahead of its earnings report due after the close, with its guidance set as the latest bellwether for memory demand.

The move followed a 13% plunge in the previous session amid growing concerns that capital expenditure by AI companies may have become excessive.

Other semiconductor producers also fell with Qualcomm and Sandisk down 2.5% and 3.5%, respectively.

AI-related fundraising remained elevated, with SK Hynix reportedly seeking to raise $29 billion through a US listing, shortly after SpaceX’s record IPO.

Other sectors found support from lower Treasury yields as prospects of restored energy exports from the Middle East eased inflation concerns.

The Dow Jones outperformed, rising 182 points, aided by its exposure to traditional sectors.

The Dow's exposure to speculative tech will rise on Monday as Alphabet replaces Verizon.



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