Micron Technology's fourth-quarter earnings will be released after Wednesday's close, with revenue reportedly expected to exceed $50 billion, driven by AI demand. The employment report and core PCE data are also due this week and will be closely watched.
Micron Technology's fourth-quarter earnings will be released after Wednesday's close, with revenue reportedly expected to exceed $50 billion, supported by AI demand. This is expected to set the stage for the stock to test a recovery above $1,000.
The employment report (NFP) and core PCE, which will be released at the same time, will be watched as indicators of the state of the labor market and the persistence of inflation in September, and are reportedly likely to affect the Federal Reserve's future policy decisions.
Market reaction is being closely monitored, along with other related data, as these are regarded as among the most important macroeconomic indicators of this autumn.