Bullish
Micron Technology (MU) stock rises 4.2% on August 13, 2026, amid chip sector rally.
On August 13, 2026, Micron Technology's stock surged 4.2%, contributing to the S&P 500 reaching a new record high. This uptick was driven by strong gains in chip stocks, including Micron, and positive inflation data that bolstered investor confidence.
Key points
- Micron's stock increased by 4.2% on August 13, 2026, as part of a broader chip sector rally.
- The S&P 500 reached a new record high, closing at 7,798, with the Nasdaq Composite advancing to 26,803.
- The Producer Price Index (PPI) was flat month-over-month and rose 4.7% year-over-year, lower than expected, reinforcing expectations of a pause in interest rate hikes by the Federal Reserve.
Sources
AI-generated from public news sources. Not financial advice.
