US Futures Hold Gains after PCE Report

2026-06-25 12:48 By Andre Joaquim 1 min. read

US equity futures gained on Thursday after the earnings report by Micron Technology restored support for the artificial intelligence trade.

Contracts for the Nasdaq 100 gained over 2% and those for the S&P 500 added 1%.

Micron surged 17% premarket after beating earnings and sales expectations and estimating approximately a revenue of $50 billion in the quarter to August, above the expectations of $43.2 billion.

Stability for the AI infrastructure sector was also supported by Micron unveiling 16 longer-term contracts.

Also, Qualcomm jumped 15% after the chipmaker doubled its projection for non-handset revenue in the next thee years and announced a partnership with Meta.

Softer inflationary risks also supported broader sectors as energy prices also continued fall and PCE price indices refrained from overshooting expectations, lifting the Dow to a record high of over 52,000.

Banking shares gained as lenders will raise their dividends after passing the Federal Reserve's stress test.



News Stream
Tech Stocks Trade Mixed, Dow Rises to Record
Tech heavyweight companies in the US diverged further on Thursday, as hyperscale cloud providers sank and chip producers rallied. The S&P 500 and the Nasdaq 100 were slightly higher, while gains in non-tech sectors lifted the Dow to a new record of 52,500. Micron surged 10% after beating earnings and forecasting a revenue of $50 billion in the quarter to August, above the expectations, and Qualcomm jumped 5% after doubling its projection for non-handset revenue in the next three years. On the other hand, Nvidia, Oracle, Amazon, Alphabet, and Microsoft dropped more than 2% to stretch the pivot from software companies to AI infrastructure developers. Also, Apple tanked 5% as it was forced to raise iPad and Mac prices amid rising memory costs. Softer inflationary risks supported broader sectors as energy prices continued fall and PCE price indices were within expectations. Banking shares also rose as lenders will raise their dividends after passing the Federal Reserve's stress test.
2026-06-25
The Dow Jones Index Opens 0.61% Higher
The Dow Jones Index is up by 314 points or 0.61 percent on Thursday. Top gainers are Caterpillar (4.42%), Honeywell International (2.69%) and Sherwin-Williams (1.68%). Biggest losses came from Apple (-3.78%), Amazon (-2.81%) and McDonalds (-2.31%).
2026-06-25
Chip Stocks Surge After Micron Earnings
US equity indices rose on Thursday after the Micron earnings report restored support for the artificial intelligence trade. The Nasdaq 100 rose over 2% and the S&P 500 added nearly 1%, while the Dow added 300 points for a record high. Micron surged 17% after beating earnings and sales expectations and estimating approximately a revenue of $50 billion in the quarter to August, above the expectations of $43.2 billion. Stability for the AI infrastructure sector was also supported by Micron unveiling 16 longer-term contracts. Also, Qualcomm jumped 10% after the chipmaker doubled its projection for non-handset revenue in the next thee years and announced a partnership with Meta. Softer inflationary risks also supported broader sectors as energy prices also continued fall and PCE price indices refrained from overshooting expectations, supporting more traditional sectors. Banking shares also gained as lenders will raise their dividends after passing the Federal Reserve's stress test.
2026-06-25