Micron earnings spark futures rally as traders eye May inflation read

TL;DR Summary
U.S. stock futures rose after Micron’s blowout earnings and strong guidance, lifting chip names and helping sentiment even as the S&P 500 and Nasdaq fell in regular trading while the Dow gained. Investors are awaiting May's PCE inflation data and other key reports, with earnings from McCormick, Commercial Metals, Darden, and Winnebago on deck. Asia-Pacific markets opened broadly higher on tech-led gains, and oil prices pulled back as Hormuz traffic resumed; SK Hynix also announced a Nasdaq listing.
Topics:business#asia-pacific-markets#inflation#markets#micron-technology#semiconductors#stock-futures
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