{"id":889314,"date":"2026-06-24T11:10:14","date_gmt":"2026-06-24T11:10:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/889314\/"},"modified":"2026-06-24T11:10:14","modified_gmt":"2026-06-24T11:10:14","slug":"stock-market-today-sp-500-nasdaq-eye-rebound-from-tech-rout-with-micron-in-focus","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/889314\/","title":{"rendered":"Stock market today: S&P 500, Nasdaq eye rebound from tech rout with Micron in focus"},"content":{"rendered":"\n

US stock futures steadied on Wednesday after a second bruising day for techs, with Wall Street looking to Micron’s (MU<\/a>) earnings later for a health check on AI demand.<\/p>\n

Nasdaq 100 (NQ=F)<\/a> futures rose 0.6%, while those on the S&P 500 (ES=F)<\/a> edged up 0.2%, following steep losses<\/a> for the indexes on Tuesday as AI-focused names took a hit. Contracts on the Dow Jones Industrial Average (YM=F)<\/a>, which includes fewer tech stocks, traded broadly flat.<\/p>\n

Worries about lofty valuations and massive spending, alongside fears of coming interest-rate hikes, have prompted a wave of profit-taking in high-flying AI-linked stocks.<\/p>\n

Micron’s earnings are due after the bell on Wednesday<\/a>, and its results will be closely watched as Wall Street assesses just how much faith to put in AI. Its shares have been on a tear this year, rising more than 250%, but they sank 13% on Tuesday amid the tech rout.<\/p>\n

Late Tuesday, Cerebras posted its first earnings report since going public in May. Shares of the AI chipmaker dropped over 10% in premarket after it forecast profit margins would lag those from rivals such as Nvidia (NVDA<\/a>).<\/p>\n

Meanwhile, uncertainty persists over US-Iran talks and where key issues might ultimately land. While President Trump had pledged the Strait of Hormuz would remain free of tolls, Iran and Oman have started discussing a system to charge fees<\/a> for ships to cross the key supply-flow waterway.<\/p>\n

FedEx (FDX<\/a>) cited rising transportation costs and the impacts of shifting trade policy for shrinking operating margins in its after-hours earnings report<\/a>. Shares in the delivery company, seen as a bellwether for the broader economy, slid 7% before the bell.<\/p>\n

LIVE 4 updates<\/p>\n