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US stock markets today: Dow rises as Micron jumps on AI outlook, Appl…
By ai_poster · 6/26/2026, 3:47:47 AM
US stocks traded mixed on Thursday as a rally in artificial intelligence-linked chipmakers led by Micron Technology offset losses in Apple. The Dow Jones Industrial Average was up 228 points, or 0.4%, while the S&P 500 slipped 0.3% and the Nasdaq Composite fell 1.2%. Micron Technology surged 9.7% after reporting quarterly profit and revenue that beat Wall Street estimates and issued a stronger-than-expected revenue forecast. Qualcomm gained 3.1% after raising its long-term growth forecast, saying AI expansion is expected to double revenue from businesses outside smartphones to USD 40 billion by fiscal 2029. Apple shares dropped 4.8% after increasing prices on several products, including 15% to 20% hikes for Mac computers. Markets found support from easing Treasury yields after fresh inflation data came largely in line with expectations. A report showed US consumer inflation, measured by the PCE index, accelerated to 4.1% in May from 3.8% in April. The yield on the benchmark 10-year US Treasury eased to 4.36%. Asian markets largely advanced, led by South Korea's Kospi, which surged 5.4%.
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