economy
Wednesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
A rally in the tech sector — led by Micron Technology — lifted the S&P 500 and the Nasdaq Composite to fresh all-time highs and closing records Tuesday.
TL;DR
- The S&P 500 reached fresh records, boosted by a tech rally.
- Snowflake and Salesforce are reporting earnings, with mixed analyst sentiment and significant analyst target prices.
- Abercrombie & Fitch and Dick's Sporting Goods have seen stock declines in recent months.
- Manchester United and Bank of Montreal are also among the companies with upcoming reports.
- Airline stocks like Delta, United, American, Southwest, JetBlue, and Alaska Air have shown varied performance over the past month, influenced by jet fuel prices and summer travel outlook.
- FedEx is spinning off its Freight division, marking a new phase for less-than-truckload companies.
- CNBC Pro LIVE event aims to provide actionable strategies for long-term wealth building.
- The Montreal Canadiens are trailing 2-1 in the Eastern Conference Finals.