Dow rises on Micron rally as Nasdaq softens amid hotter PCE inflation signals
TL;DR
Stocks finished mixed as the Dow rose about 1.1% and the S&P 500 gained 0.1%, while the Nasdaq slipped around 0.3%. Micron's blowout results boosted memory-chip optimism and lifted the market, and Qualcomm gained on AI data-center opportunities, but hotter inflation from the PCE index in May (4.1% year-over-year, 0.4% month-over-month) kept rate-hike bets alive. Oil prices eased overall with Brent near 74 and WTI around 70 amid supply dynamics and geopolitical tensions.
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