economy
Wednesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
A global rout in tech stocks led to the S&P 500 falling 1.4% and the Nasdaq Composite tumbling 2.2% on Tuesday. Micron Technology suffered a 13% slide.
TL;DR
- Micron Technology's stock fell 13% amid a broader decline in semiconductor stocks.
- Paychex is set to report earnings before the market opens.
- Qualcomm's investor day is approaching amidst an 8% stock drop on Tuesday.
- Major bank stocks, including Citigroup, Bank of America, and JPMorgan, have seen significant gains in June.
- Alphabet will be added to the Dow 30, replacing Verizon, starting Monday.
- The S&P Tech sector experienced a notable drop of approximately 3.7% on Tuesday.