Wall St ends higher as tech rally continues, led by Micron
Well, look who finally showed up to the party! After a week that felt like watching paint dry on a stock chart, Wall Street decided to remember it actually *likes* money. And wouldn't you know it, the tech titans—particularly our semiconductor saviors Micron and Nvidia—are once again proving that the future isn't bought in sneakers, but forged in silicon. Turns out, innovation trumps retail therapy when it comes to propping up the market. Sorry, Nike, maybe next time focus on flying shoes?
Indeed, U.S. stocks wrapped up Friday on an optimistic note, with a significant rebound driven by the technology sector. Shares of chipmakers Micron and Nvidia were standout performers, spearheading a recovery following what had been a notably rocky trading week. This strong performance from tech managed to effectively counteract declines observed in other sectors, notably consumer stocks, with athletic apparel giant Nike experiencing a particularly steep drop. The broader market sentiment was also buoyed by growing optimism regarding potential economic developments.
