Micron, ADP jobs data, 10-year Treasury yield: LIVE UPDATES

Breaking News

Stocks close lower

FedEx founder Fred Smith on stepping down as CEO

FedEx founder Fred Smith discusses on ‘Making Money with Charles Payne’ his decision to step down and more on Raj Subramaniam who will replace him as CEO.

Breaking News

CNN’s new streaming service off to rocky start

10-year Treasury retreats

Symbol Price Change %Change
JPM $140.35 -0.81 -0.57%
GS $336.83 -2.79 -0.82%
BAC $42.95 -0.49 -1.14%
C $54.87 -1.61 -2.86%

10-year Treasury pulled back to 2.355% sending financial stocks lower

Biggest crypto heist ever?

Micron lifts 3Q revenue forecast

Symbol Price Change %Change
MU $84.17 +2.12 +2.58%
INTC $52.42 +0.17 +0.33%
AMD $123.90 +0.67 +0.54%
NVDA $281.10 -5.46 -1.91%

Micron now expects to earn as much as $8.7 billion in its fiscal 3Q.

“We’re leading the industry in technology across DRAM and NAND, and our product portfolio momentum is accelerating. With outstanding first half results, Micron is on track to deliver record revenue and robust profitability in fiscal 2022″ said Micron Technology President and CEO Sanjay Mehrotra.

Breaking News

Stocks choppy

Symbol Price Change %Change
I:DJI $35,311.09 +16.90 +0.05%
SP500 $4,622.56 -9.04 -0.20%
I:COMP $14,567.55 -52.09 -0.36%

Breaking News

Strong ADP jobs data

U.S. employers added 455,000 in March ADP reported…

“Job growth was broad-based across sectors in March, contributing to the nearly 1.5 million jobs added for the first quarter in 2022,” said Nela Richardson, chief economist, ADP.

Retirement Bill: What to know

Securing a Strong Retirement Act of 2022

To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes

More options for “catch-up” contributions: $10,000 per year

Raises the age for taking mandatory distributions from 401(k) plans or IRAs to 75 from 72

Stock futures trade lower ahead of labor, growth reports

U.S. equity futures
 traded lower as traders monitor talks for any progress in ending Russia’s war on Ukraine. Continue reading

Oil trades higher as inventory falls sharply

Oil prices were back on the rise Wednesday morning as traders monitor progress in negotiations between Russia and Ukraine and as supply remains tight – data showed U.S. crude stocks fell sharply last week. Continue reading

Ronin hit by $615M crypto heist

Blockchain project Ronin said on Tuesday that hackers stole cryptocurrency now worth almost $615 million from its systems, according to Reuters. It is reported to be one of the largest cryptocurrency heists on record. Continue reading

Gas prices slip

The average price for a gallon of gasoline in the U.S. slipped on Wednesday to $4.236, according to the latest numbers from AAA. The price on Tuesday was $4.244. The previous record high was $4.33, set on Friday March 11, 2022. 

Read More: Micron, ADP jobs data, 10-year Treasury yield: LIVE UPDATES

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