Stocks Recover Early Losses and Close Higher as Magnificent Seven Stocks Rebound [Globe and Mail, The (Toronto, Canada)]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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Source: Globe and Mail, The
Stock indexes on Friday recovered from early losses and closed slightly higher as a rally in the Magnificent Seven stocks sparked short covering in the broader market. On Friday, stocks initially moved lower due to underwhelming forecasts from FedEx, Micron Technology, and Nike. FedEx, considered an economic barometer, closed down more than -6% as it cut its profit outlook, citing cost pressures and weaker demand. Also, Micron Technology closed down more than -8% to lead chip stocks lower after forecasting Q3 adjusted gross margin below consensus. In addition, Nike closed down over -5%, blaming tariffs and geopolitics for its earnings woes. The downbeat earnings results add to concerns over the global economic outlook ahead of President Trump's April 2 deadline for a series of broad reciprocal tariffs. Hawkish Fed comments on Friday pushed T-note yields slightly higher. New York Fed President Williams said, "The current modestly restrictive stance of the Fed's monetary policy is ent
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MU
Earnings
- 12/17/25 - Beat
MU
Sec Filings
- 12/18/25 - Form 10-Q
- 12/17/25 - Form 8-K
- 11/25/25 - Form ARS
- MU's page on the SEC website