Dow Falls, Nasdaq Pares Gains; Micron Defies Sell-Off on Earnings — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Dow ended lower and Nasdaq pared gains as long-end Treasury yields continued their climb, with the selling pressure coming ahead of upcoming PCE inflation data
- Micron held firm and defied the broader market sell-off after reporting earnings that soared, standing out as a bright spot in an otherwise negative session for equities
Why it matters: With the PCE inflation print looming, long-end Treasury yields are doing the heavy lifting in pressuring stocks, and Micron's earnings beat shows that company-specific catalysts can still overpower macro headwinds for individual names.
Ask SkimNews
