During Tuesday’s trading, Micron Technology Inc. (NASDAQ:MU) surged to surpass a $1 trillion market capitalization for the first time, anchoring a major technology sector rally during the regular session. Conversely, Zscaler Inc. (NASDAQ:ZS) tumbled after issuing a current-quarter revenue forecast that fell short of Wall Street’s expectations. –
Meanwhile, the 10-year Treasury bond yielded 4.46%, and the two-year bond was at 4.02%. The CME Group's FedWatch tool‘s projections show markets pricing a 99.9% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.
Index
Performance (+/-)
Dow Jones
0.39%
S&P 500
0.28%
Nasdaq 100
0.42%
Russell 2000
0.67%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Wednesday. The SPY was up 0.24% at $752.40, while the QQQ was higher by 0.41% to $733.29.
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Stocks In Focus
Box
Box Inc. (NYSE:BOX) was down 2.42% in premarket on Wednesday despite reporting better-than-expected results for the first quarter and raising its FY27 outlook.
Benzinga’s Edge Stock Rankings indicate that BOX maintains a weak price trend in the long term but strong trends in the short and medium terms, with a poor growth rank.
United Microelectronics
United Microelectronics Corp. (NYSE:UMC) jumped 11.24% after it acquired NT$1.03 billion or $31.9 million of machinery and equipment from Japan-based Tokyo Electron in line with plans to expand its manufacturing capabilities.
Benzinga’s Edge Stock Rankings ...
