U.S. equities showed mixed performance despite strong Micron results and steady inflation data, with tech stocks underperforming.
U.S. stocks closed mixed after Micron Technology (MU) reported better-than-expected fiscal third-quarter earnings and inflation data met expectations. The S&P 500 remained unchanged, while the Nasdaq Composite fell 0.7%, weighed down by tech sector declines. The Dow Jones Industrial Average edged higher by 0.1%.
Micron’s results surpassed analyst estimates, but broader market sentiment remained cautious. Inflation figures aligned with forecasts, offering little surprise to investors. The S&P 500’s flat performance followed a recent rally, while the Nasdaq’s drop reflected ongoing pressure on high-growth stocks.
Trading volumes were subdued, with no immediate catalyst driving a clear directional move across major indices.