ZURVY - Wall Street Breakfast Podcast: Tech Stocks Recover South Korea Grants And Micron's Q3

2024-06-26 07:17:00 ET

Summary

• Nasdaq and S&P end 3-day losing streak as Nvidia rebounds.
• South Korea to provide aid to chip manufacturers.
• Micron Q3 Preview: Expected to beat Wall Street estimates with increased AI exposure and higher DRAM pricing.

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Nasdaq, S&P snap 3-day losing streak as Nvidia rebounds, South Korea to start granting aid to chip manufacturers, and a Micron Q3 Preview.

This is an abridged transcript of the podcast.

U.S. stocks on Tuesday ended mixed , with losses in major retailers countering a rebound in Nvidia ( NVDA ). The chip giant's pullback from correction territory helped the benchmark S&P 500 ( SP500 ) and the tech-heavy Nasdaq Composite ( COMP:IND ) halt a three-day slide.

The Nasdaq ( COMP:IND ) added 1.26% to close at 17,717.65 points, while the S&P ( SP500 ) eked out an advance of 0.39% to settle at 5,469.30 points....

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