Wall Street hits record highs; chip stocks rally
From Yahoo Finance.:
Wall Street hits record highs as Federal Reserve signals potential rate cuts this year. Dow rises almost 0.7%, S&P 500 climbs 0.3%, Nasdaq jumps 0.2%. Micron Technology surprises with quarterly profit, stock soars 14% to all-time high. Chip stocks rally on optimistic revenue forecast. AI boosting market growth, says Penn Mutual Asset Management Portfolio Manager.
Apple drops 4% after U.S. Department of Justice files antitrust lawsuit. Reddit shares surge 48% above IPO price on first day of trading. Wall Street makes gains despite legal challenges facing tech giants. Investors eye potential implications of antitrust actions on market performance. Tech stocks remain in focus amid regulatory scrutiny.
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