Summary
- Walter Bloomberg said Micron Technology shares jumped 18% early in the session after a strong outlook and an earnings forecast that topped market expectations.
- Walter Bloomberg said Apple shares fell 2.2% early in the session after price increases for iPads and Macs, and were down in the 4% range in early trading.
- Walter Bloomberg said gold rebounded amid a weaker dollar, lower Treasury yields, and easing bets on further rate increases, moving back above $4,000 an ounce.
Micron Technology shares surged in early US trading on June 25, while Apple fell. Gold climbed back above $4,000 an ounce as US Treasury yields and the dollar weakened.
Walter Bloomberg wrote on X that Micron shares jumped 18% at the open after a strong outlook.
Micron was up about 17% early in the session. Investor sentiment improved after the company issued an earnings outlook that topped market expectations.
Apple, by contrast, traded lower after price increases for iPads and Macs. Walter Bloomberg wrote that the stock fell 2.2%, while shares were down in the 4% range early in the session.
Gold also rebounded as bets on further rate increases eased. A weaker dollar and lower Treasury yields supported the metal after US inflation data matched expectations.
Gold moved back above $4,000 an ounce. Recent declines in oil prices have helped ease some inflation concerns, lowering expectations for additional rate hikes.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.