Yesterday, the US economy grew by 1.4% in the first quarter of 2024, and this news is sending shockwaves through the stock market. Investors are closely watching the performance of major indices like the Dow Jones Industrial Average, NASDAQ, and S&P 500 as they prepare for the trading day.
Micron Technology (MU) has been experiencing a decrease in pre-market trading after surpassing third-quarter earnings expectations while providing fourth-quarter guidance that aligns with Wall Street’s projections. However, this guidance has left some investors disappointed, impacting stocks like NVIDIA in the morning trading session.
Meanwhile, Amazon’s market cap exceeded $2 trillion yesterday, making it the fifth US company to reach this milestone. The E-commerce company’s stock has surged by over 25% year to date, placing it among other tech giants like Apple, Alphabet, Microsoft, and NVIDIA.
For more expert analysis and the latest market trends, viewers can watch the full episode of Morning Brief hosted by Luke Carberry Mogan. In this episode, the three key points for investors to know are discussed, including the recent economic data, Micron Technology’s performance, and Amazon’s market cap achievement.
