Stock Market Today, June 24: Stocks Gain at Midday Ahead of Micron's Earnings

As of midday, the Dow Jones Industrial Average (DJINDICES:^DJI) roseate 0.89% to 52,125.67, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.65% to 25,753.08, and the S&P 500 (SNPINDEX:^GSPC) edged up 0.61% to 7,410.55 arsenic falling lipid prices and stabilizing exertion shares helped markets retrieve from yesterday's losses.

Gold futures fell 3.09% to $4,021.20, and the 10-Year Treasury output slipped 0.08% to 4.41% arsenic of midday. Most sectors were successful the greenish this morning, with industrials and user cyclicals starring the gainers. Falling lipid prices weighed connected vigor stocks, which lagged on with basal materials.

Today's biggest moves

Wendy's surged implicit 40% earlier paring gains successful a retail-driven meme-stock rally, portion Chemours climbed pursuing a $450 cardinal biology settlement. Robinhood Markets fell connected reports that Meta Platforms is processing a rival prediction application. Here's wherefore Robinhood could autumn further.

Meanwhile, Broadcom gained aft it unveiled the caller Jalapeño AI spot developed successful concern with OpenAI. Micron Technology slipped somewhat up of its earnings, owed aft the doorbell today.

What this means for investors

Oil prices continued to autumn this morning, helping to trim ostentation concerns and fortify banal markets. WTI crude slid to $70 a tube — the lowest since the commencement of March. Tech stocks besides stabilized arsenic capitalist jitters eased slightly, a reminder that pullbacks, portion unnerving, are mean aft red-hot rallies. What matters is marketplace fundamentals, which inactive look strong.

That said, investors volition beryllium paying adjacent attraction to Micron's net aboriginal today. With dense artificial quality spending nether the microscope, Micron is seen arsenic a barometer for semiconductor demand.

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