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MU - Micron Technology Inc News Story

$45.8 0.9  1.9%

Last Trade - 26/05/20

Large Cap
Market Cap £41.03bn
Enterprise Value £39.42bn
Revenue £16.09bn
Position in Universe 179th / 6360

BUZZ-U.S. stocks weekly: Stimulation

Fri 27th March, 2020 8:38pm
** S&P 500  .SPX  gains 10.3% for its best week since Mar
2009. US jobless claims come in less than investors' worst fears
and focus stays on $2.2 trln stimulus bill approved by lawmakers
    ** Indeed, it may have been time for a turn  urn:newsml:reuters.com:*:nL1N2BG0R3,
just as there may have been fear fatigue  urn:newsml:reuters.com:*:nL1N2BG1T6
    ** That said, there will be tests and trials  urn:newsml:reuters.com:*:nL1N2BH0MX,
as the indices stand, but stagger  urn:newsml:reuters.com:*:nL1N2BI0M0, and try to put
volatility back in the box  urn:newsml:reuters.com:*:nL1N2BJ0S6
    ** In the end, traders assess the bounce  urn:newsml:reuters.com:*:nL1N2BK0OE
    ** Every sector rallies as utilities and industrials lead
relief rally; growth vs value goes from one battle line to the
next  urn:newsml:reuters.com:*:nL1N2BI1DN   
    ** Industrials  .SPLRCI  surge 15.4%. Boeing  BA.N  shoots
up 71% on hopes of MAX production restarting by May
 urn:newsml:reuters.com:*:nL4N2BI4IW. Beaten-down airline stocks rebound as Senate
passes $58 bln aid bill  urn:newsml:reuters.com:*:nL3N1X36NA. Delta Air Lines  DAL.N 
and American Airlines  AAL.O  both rise at least 35%, while ARCA
Airlines Index  .XAL  soars ~27%
    ** Energy  .SPNY  leaps 12.2%. Oil prices climb on Fed steps
to support economy  urn:newsml:reuters.com:*:nL4N2BH4B2
    ** Financials  .SPSY  pop 11.8%. Sector rises on hopes of
federal rescue package aimed to soften blow from COVID-19
pandemic  urn:newsml:reuters.com:*:nL4N2BH3N6
    ** Consumer discretionary  .SPLRCD  jumps 11.1%. Beleaguered
hotels, casino operators and restaurants rise as dramatic fiscal
and monetary stimulus measures ease fears  urn:newsml:reuters.com:*:nL4N2BH3IV
 urn:newsml:reuters.com:*:nL4N2BI3E8. But cruise lines sink Fri on reports of exclusion
from coronavirus relief bill  urn:newsml:reuters.com:*:nL4N2BK3V6
    ** Tech  .SPLRCT  advances 10.5%. Apple  AAPL.O  gains
despite another broker PT cut  urn:newsml:reuters.com:*:nL4N2BH3D1, though U.S. trade
regulators waive tariffs on smartwatch  urn:newsml:reuters.com:*:nL4N2BG4WP. Micron
 MU.O  surges 20% after Q3 rev forecast beat  urn:newsml:reuters.com:*:nL4N2BI5FZ
 urn:newsml:reuters.com:*:nL4N2BJ35Q Philly chip index  .SOX  gains ~15%
    ** Meanwhile, individual investors are still solidly
bearish, but eyeing tech  urn:newsml:reuters.com:*:nL1N2BK0YK
    ** SPX sector performance YTD:

 (Reporting by Lance Tupper and Terence Gabriel)
lance.tupper@tr.com 646-223-5017
terence.gabriel@tr.com 646-223-4122))
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