Micron could dethrone Nvidia and become the biggest driver of S&P 500 profit growth
- Micron is increasingly important to S&P 500 profit growth
- Its earnings report has become “a market event in and of itself.”
Topic
Wall Street● −12% net tone today
- Institutional investors are again driving the stock market, replacing small investors as the main force
- Elevated oil prices and rising Treasury yields are straining Wall Street’s rally near record highs
- A US jobs report and inflation data will test the Federal Reserve’s rate path
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