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Informist, Thursday, Jun. 25, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Most US futures rise; Micron Technology's Q3 results beat view

 

MUMBAI--0740 IST--Most US stock futures rose on Thursday as the quarterly results of semiconductor major Micron Technology led to gains in futures of chipmaking companies. Futures tied to the technology-heavy Nasdaq outperformed its peers and gained almost 2%, while S&P 500 futures rose 0.4%. Futures of the blue-chip Dow Jones Industrial Average were flat.

 

The three major indices ended mixed on Wednesday, amid sustained selling in stocks of semiconductor and adjacent businesses. Several analysts had expected the earnings of Micron Technology to miss estimates, thereby extending the rout seen in chip-making stocks over the past few sessions. The stock had shed over 13% in the past two sessions.

 

However, in the company's quarterly results released post market hours, the chipmaker's revenue more than quadrupled to $41.46 billion on year and surpassed the LSEG consensus view of $35.84 billion. Micron also guided for revenue of $50 billion for the current quarter, up from $11.3 billion a year earlier and more than the $43.58-billion forecast, according to a CNBC report. Following the release, the chipmaker's stock futures gained 15%.

 

Thursday, investors will also be watching out for the release of May's personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge. Economists polled by Dow Jones expect the headline index to rise 0.5% on a monthly basis, slightly higher than April's 0.4% gain, and 4.1% on a yearly basis, again more than the 3.8% on-year rise seen in April. 

 

Even excluding volatile food and energy prices, the core personal consumption expenditure is seen rising 0.3% on a monthly basis and 3.4% on a yearly basis. Both estimates are higher than April's respective core personal consumption expenditure readings of a 0.2% monthly and a 3.3% yearly rise. 

 

Following were the closing levels of major US indices on Wednesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51666.84	0.4
NASDAQ Composite	25476.64	(-)0.4
S&P 500	7358.22	(-)0.1

 

(Shruti Nair)

 

US$1 = INR 94.67

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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