The Dow Jones Industrial Average has hit an all-time intraday record on Thursday, touching 52,655, even as the tech-heavy Nasdaq fell amid a sell-off in major technology stocks including Apple.
The split came on a day when memory chip maker Micron Technology saw its shares surge after reporting quarterly revenue that quadrupled compared with a year ago, smashing analyst expectations.
The company's market capitalisation briefly surpassed that of Meta Platforms and Tesla.
Mitch Mccann reports from New York.
IN: “The memory chip...”
OUT: “...coming for Micron.”
DUR: 34 seconds
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(ALT)
Mitch Mccann in New York says Micron is shifting its business model by signing longer-term agreements with customers, which could keep the company's profit margins high.
IN: “Micron's chief executive...”
OUT: “...lot more confidence.”
DUR: 35 seconds
http://www.fsnradionews.com/feeds/0625-1655mccann-usmarkets2.mp3