The major indices are closing higher for the second consecutive day. The Dow, S&P and NASDAQ indices will close up about 1.5%.
The final numbers showing:
- Dow Industrial Average rose 526.74 points or 1.6% at 33376.49
- S&P index rose 56.78 points or 1.49% at 3878.39
- NASDAQ index rose 162.27 points or 1.54% at 10709.38
- Russell 2000 rose 28.92 or 1.65% at 1776.94
A pretty congruent performance by all the major indices.
Micron is reporting after the close:
- revenues come in at $4.09 billion versus $4.11 billion estimate
- earnings -per-share come in at -4 cents versus -1 cent expected
- company to cut headcount by roughly 10%
- EPS view $-0.72 to $-0.52 versus $-0.50 expected
- revenues are expected at 3.6 – 4 billion versus 3.88 billion expected
The shares of Micron are trading marginally higher after the close up $0.51 at $51.70
This article was originally published by Forexlive.com. Read the original article here.