US Stock Futures Rise Amid Tech Sector Momentum and Anticipated Powell Speech
Wednesday, 25 September 2024, 16:54
Market Overview
US stock futures rise as the tech sector gains momentum following Micron's impressive performance. Micron Technology Inc (NASDAQ: MU) saw shares soar over 14% in aftermarket trading thanks to exceptional quarterly earnings and an optimistic outlook.
Key Economic Indicators
- Positive Earnings: Micron's strong results have buoyed tech stocks.
- Anticipation of Powell's Speech: Market participants are on edge ahead of comments from Federal Reserve Chairman Jerome Powell, which may address interest rates and inflation.
- Investor Sentiment: The upbeat forecast from Micron reflects positive sentiment in the tech industry.
Implications for Investors
With US stock futures rising and the tech sector leading the charge, it’s essential for investors to pay attention to Powell's upcoming speech.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.