U.S. Stocks Edge Up as Tech Earnings Awaited
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
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Source: NASDAQ.COM
- Market Recovery: The S&P 500 Index rose by 0.12%, the Dow Jones Industrial Average increased by 0.21%, and the Nasdaq 100 Index gained 0.06%, indicating a gradual recovery from Tuesday's sharp selloff, with investors keenly awaiting Micron Technology's earnings report to assess AI market performance.
- Micron Technology's Gains: Micron's stock has surged over 260% this year, making it a key beneficiary of the soaring demand for AI infrastructure, with expectations of substantial profits from billions in investments, further boosting its stock price and market confidence.
- Housing Sector Boost: Following the passage of the 21st Century Road to Housing Act, homebuilders and building suppliers saw significant stock increases, with KB Home up over 16% and Builders Firstsource up over 9%, reflecting the potential for industry recovery driven by policy support.
- Crude Oil Price Decline: WTI crude prices fell more than 3% to a 3.5-month low, which lowered inflation expectations and pushed the 10-year Treasury yield down by 7 basis points to 4.42%, providing positive support for the stock market, particularly improving the profitability outlook for airlines and cruise operators.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
