Traders work on the floor of the New York Stock Exchange.
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U.S. stock futures were mostly flat Tuesday night as traders awaited stock market announcements. micron technology‘s income.
S&P500 futures and Nasdaq 100 futures The decline was less than 0.1%. Futures linked to the Dow Jones Industrial Average It fell by 45 points (approximately 0.1%).
Micron stock and sandisk Both rose about 1% in after-hours trading. Two memory stocks fell 13% in regular trading. of Round Hill Memory ETF (DRAM)down 14% and up 2% in regular trading.
alphabet It also rose slightly after S&P Global announced that Google’s parent company will be added to the Dow 30 stock market ahead of next Monday’s trading.
The loss of the technology sector has dragged on the economy S&P500 and heavy use of high technology Nasdaq Composite On Tuesday, the averages fell 1.44% and 2.21%, respectively. Excellent company Dow Jones Industrial Average The difference was 45.87 points (0.09%).
Asia-Pacific markets opened in mixed trade on Wednesday as investors assessed whether a rebound in tech stocks could stabilize the market after a sharp selloff on Wall Street the previous day triggered steep declines across the region.
Japanese Nikkei Stock Average fell 0.2%, while South Korea’s Kospi soared more than 2% after falling 10% the previous day. In Australia, the S&P/ASX 200 traded near the flatline.
Hong Kong Hang Seng Index futures stood at 23,498, above the index’s closing price of 23,336.28.
Investors sold semiconductor stocks in Tuesday’s trading. VanEck Semiconductor ETF (SMH) It ended the day down 7%. intel 6% down; Qualcomm 8% reduction. Traders switched to more defensive names and rallied walmart Almost 2% more tech industry heavyweights IBM 5%.
Dan Skelly, head of market research and strategy at Morgan Stanley Wealth Management, said on CNBC’s “Closing Bell: Overtime” on Tuesday afternoon that the argument about running out of technical positioning “may be true, but I would argue that there may also be fundamental risks emerging.”
“We’ve heard that there’s a price war going on between some model builders, we’ve heard that rental prices for older GPUs are starting to go down, and we’ve also seen a change in attitude from Microsoft, which led the AI launch three years ago with its ChatGPT and Open AI partnerships,” he added. “Microsoft is currently discussing a change in strategic direction to a lower-priced model.”
Micron is scheduled to release updated financial results after the market closes on Wednesday. Analysts polled by FactSet expected earnings of $20.83 per share and revenue of $35.75 billion.
Micron has had an astronomical performance in 2026, with its stock hitting a new all-time high on Monday and closing at $1,051.77 per share on Tuesday. But Jay Woods, chief market strategist at Freedom Capital Markets, warned that the stock could fall after the earnings release.
“It could go all the way down to $1,000. That sounds like a big drawdown, but it starts matching this 20-day moving average, so that’s what traders are keeping an eye on.”
Paychex It plans to report earnings before the opening bell on Wednesday. Investors will also be keeping an eye on the number of construction permits and new home sales in May.
