Futures rise on tech and Micron outlook
The article reported that futures for the S&P 500 and Nasdaq indices rose after two sessions of decline, as markets await the results of Micron Technology, whose stock increased by 3.8% in pre-market trading. Meanwhile, the Dow Jones and Nasdaq 100 indices fell by 0.1% and 0.55%, respectively, amid concerns over heavy spending and the possibility of the Federal Reserve tightening monetary policy. Markets are looking forward to Micron's results, especially after its stock soared over 268% since the beginning of the year, despite a recent 13% decline. There is significant interest in the company's performance, as it is seen as one of the main beneficiaries of the growing demand for artificial intelligence.
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