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Barchart
Rich Asplund

SHOCKING: Stocks see support as micron boosts chip makers | Mind Blowing Facts

Nasdaq United States ECB JPMorgan Chase Nvidia Inflation Micron Technology US Federal Reserve Wells Fargo Securities

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.05%.  March E-mini S&P futures (ESH25) are up +0.28%, and March E-mini Nasdaq futures (NQH25) are up +0.13%. 

Stocks today are slightly higher.  The strength of chip makers is supportive of the overall market, with Micron Technology up more than +5% after Nvidia said the company is providing it with memory chips for its new GPUs.  Stocks have carryover support from Monday when the Washington Post reported that President-elect Trump’s aides are weighing universal tariff plans covering only critical imports.  If implemented, such a plan would disrupt global trade less than expected and reduce the inflationary impact of the tariffs.

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