Micron results and outlook
Micron reported fiscal third-quarter adjusted earnings and sales above estimates, then issued fourth-quarter earnings and sales guidance above expectations.
June 24, 2026 · QQQ/SPY Market Review · 61 headlines
QQQ gains 1.53% and leads SPY by 1.03 points amid Micron and data-center news
QQQ opened 0.25% above its prior close and finished up 1.53%. SPY opened 0.22% higher and gained 0.49%, leaving QQQ ahead by 1.03 percentage points. Micron's earnings and outlook, Qualcomm's data-center expansion, weaker new-home sales and Hormuz shipping updates formed the main context.
Published
- QQQ
- +1.53%
- SPY
- +0.49%
- QQQ − SPY
- +1.03%
What shaped the session
Qualcomm data-center expansion
Qualcomm detailed hyperscaler orders, a future Meta CPU deployment and Microsoft's planned use of its HBC chips.
Weaker new-home sales
May new-home sales were reported at 580,000, below the 638,000 estimate.
Hormuz shipping conditions
The U.S. Energy Secretary said about 72 ships carrying the equivalent of 20 million barrels of oil had exited in 24 hours, while mines delayed a return to normal flows.
Key news
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