US Stock Market Rebounds, NY Dow and Nasdaq Rise

Macro
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Summary · why it matters

The US stock market rebounded on the 14th, with the NY Dow closing at 52,508.27, up 9.63 points from the previous day, and the Nasdaq Composite Index ending at 26,107.008, up 233.832 points. The June Consumer Price Index rose 3.5% year-on-year, below the market forecast of 3.8%, easing inflation concerns and drawing funds into equities. Meanwhile, IBM plunged after announcing weak preliminary earnings, capping the NY Dow's gains, but in the tech-heavy Nasdaq market, SanDisk, Micron Technology, and Intel were bought. The yen-denominated settlement price for Chicago Nikkei 225 futures was 68,185, up 385 points from the Osaka Exchange settlement price.

Impact on stocks 4

Semiconductors▲ · 3 stocks
Intel Corporation
INTC
▲ PositiveDemandrelevance

Intel was bought amid tech rally on easing inflation concerns.

Micron Technology Inc
MU
▲ PositiveDemandrelevance

Micron Technology was bought amid tech rally on easing inflation concerns.

Sandisk Corp
SNDK
▲ PositiveDemandrelevance

SanDisk was bought amid tech rally on easing inflation concerns.

Quantum Computing▼ · 1 stocks
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