US stocks open higher with Micron earnings in focus, traders eye Fed
Stocks pushed higher in the U.S. on Wednesday, with the S&P 500 up 0.44%, the Nasdaq gaining 0.39%, and the Dow rising 0.53% in late-morning trading, Reuters reported, citing market data delayed at least 15 minutes. Consumer discretionary and healthcare names were strong, but energy slipped after oil prices moved lower. S&P 500 and Nasdaq swung around after falling two sessions in a row. Tech stocks traded mixed ahead of Micron Technology’s earnings, which come out after the bell. Traders are watching the release for signs about AI demand and data center costs. “Micron’s earnings this time are central to market sentiment,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company.