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U.S. Stock Futures Flat After Micron’s Strong Earnings Report
U.S. Stock Futures Flat After Micron’s Strong Earnings Report
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BTCCSquare news:
U.S. stock futures held steady Tuesday evening following Micron Technology's positive earnings report. Nasdaq 100, Dow Jones Industrial Average, and S&P 500 futures edged down marginally, reflecting muted sentiment after the regular session's declines.
The S&P 500 snapped a three-day winning streak, with tech stocks leading losses. Nvidia's 2.8% drop weighed heavily on indices as traders locked in profits amid Federal Reserve Chair Jerome Powell's remarks on elevated market valuations.
Attention now turns to August's new home sales data and a scheduled speech by San Francisco Fed President Mary Daly. Market participants remain cautious despite Micron's earnings beat, with macroeconomic concerns tempering optimism.
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