"Stocks Rebound on Wall Street After Recent Sell-Off; Micron Stands Out"

Wall Street rebounded after a broad sell-off, with the Dow Jones, S&P 500, and Nasdaq all posting gains. The positive sentiment was fueled by expectations of easing borrowing costs next year and an upbeat revenue forecast from chipmaker Micron. The Commerce Department reported that the final estimate for Q3 GDP growth was 4.9%, slightly lower than previous estimates. Additionally, the Labor Department reported a marginal increase in weekly jobless claims, indicating underlying strength in the economy. The market is anticipating weaker economic activity in the coming year, leading to expectations of interest rate cuts by the Federal Reserve. Micron's positive forecast and signs of a memory chip recovery also contributed to the market's rally.