CroatiaThe Dow Jones index rose by 0.27%, reaching 52,487 points, while the S&P 500 increased by 0.81% to 7,543 points, and the Nasdaq climbed 1.30% to 26,026 points. In seven out of eleven major sectors of the S&P 500, stock prices rose yesterday, with the information sector seeing the highest increase at 1.65%. Micron Technology announced plans to invest $250 billion in the U.S. by 2035 due to strong demand for memory chips, leading to a 4.5% rise in its stock price and increases in other chipmakers’ shares. The PHLX semiconductor index jumped over 3%. However, technology stocks have experienced significant volatility recently, with some analysts believing their prices are too high, while others see room for further growth. Ross Mayfield from Baird noted that while the market remains bullish, particularly linked to artificial intelligence development, factors like rising interest rates, oil prices, and the Middle East crisis cast uncertainty. With earnings season approaching, analysts estimate companies’ profits grew 24% year-over-year, largely driven by tech firms. Most European stock exchanges saw gains, though London’s FTSE fell slightly.
Bias read (Center): The article provides factual economic data and quotes analysts without overtly favoring any political perspective. It discusses market trends, corporate investments, and analyst opinions neutrally, without ideological framing or biased language.
