Live Nasdaq Composite: Micron Lifts Market Boat Alongside Mixed Economic Signals

By Gerelyn Terzo Updated Jun 25, 11:43AM EDT · Published Jun 25, 9:16AM EDT

Quick Read

Micron's blowout fiscal Q3 earnings are vaulting the stock 18% premarket, lifting Nasdaq 100 futures 2% and reigniting the beaten-down chip sector.
MU's results are pulling QCOM up 10%, with the broader semiconductor space joining a rally that had been under significant pressure all week.
Wendy's is surging another 12% after a 26% spike Wednesday, as social media-driven retail traders pile into a heavily shorted float.
This lithium producer surpassed a $1B private valuation, joining some of America's most powerful startups. Now you can invest in EnergyX alongside global giants like General Motors, but only through July 16. (sponsor)

Live Updates

Tech Headwinds

Jun 25, 2026 at 10:27 AM EDT

JPMorgan is flagging a potential headwind for tech stocks, warning that retail investors are pulling back on leverage in options and margin accounts after reaching extreme levels. The bank points to similar peaks in 2018 and 2021 that were followed by multi-month corrections in technology shares as a cautionary reference point. Corporate and household balance sheets remain in reasonable shape, but JPMorgan sees cooling retail speculation and a pullback in leveraged ETF activity as forces that could weigh on the sector in the months ahead.

Mixed Inflation Signals

Jun 25, 2026 at 9:16 AM EDT

May’s Personal Consumption Expenditures (PCE) price index offered a measured dose of relief, with the Federal Reserve’s preferred inflation gauge rising 0.4% on the month, a tick below the 0.5% economists had penciled in. The headline index climbed 4.1% on an annual basis, landing in line with expectations while also revisiting April 2023 highs.

This article will be updated throughout the day, so check back often for more daily updates.

Micron Technology’s (NASDAQ:MU | MU Price Prediction) blowout fiscal third-quarter earnings report is the dominant force shaping Thursday’s early trade, sending Nasdaq 100 futures up 2.4% and reigniting a chip sector that had been under significant pressure earlier in the week. S&P 500 futures are climbing 0.8% and Dow futures are adding 137 points, or 0.3%, as the memory chipmaker’s results ripple across the broader technology landscape.

The U.S. economy grew at a stronger pace than previously thought in Q1, with the Commerce Department’s final GDP estimate coming in at 2.1% annualized growth, topping both the 1.6% prior estimate and the consensus.

Here’s a look at where things stand as of pre-morning trading:

Dow Futures: 52,411 Up 0.25%
Nasdaq 100 Futures: 30,178 Up
S&P 500 Futures: 7,483 Up 0.75%

Market Movers

Micron is vaulting 18% in premarket trade after clearing analyst expectations by a wide margin, powering the rest of the semiconductor space higher in its wake. Qualcomm (NASDAQ:QCOM) is surging 10% after raising its non-handset revenue guidance for fiscal 2029, while SanDisk (NASDAQ:SNDK), Western Digital (NASDAQ:WDC), Lam Research (NASDAQ:LRCX), KLA (NASDAQ:KLAC), and Applied Materials (NASDAQ:AMAT) are all posting gains.

Apple (NASDAQ:AAPL) is reportedly hiking prices on its Mac and iPad lineup Thursday morning, with increases of roughly 15% to 25% across models: the MacBook Air up $200 to $1,299, the MacBook Pro up $300 to $1,999, and iPad prices climbing $150 to $200 depending on the model. CEO Tim Cook had flagged the move last week, saying surging memory and storage chip costs had made increases unavoidable.

Wendy’s (NASDAQ:WEN) is having its moment. Shares are tacking on another 12% in premarket Thursday after a 25.7% surge yesterday, the stock’s biggest single-day advance since mid-2021, as retail traders pile in for a second straight day with the kind of social media-fueled conviction that has little to do with burgers and everything to do with the fast-food chain’s heavily shorted float. The rally has the hallmarks of a classic meme stock run, disconnected from fundamentals, driven by online sentiment, and moving fast enough to keep short sellers on edge.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.