S&P 500 futures rise as Micron surges after earnings; Wall Street awaits key inflation reading: Live updates

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2026. Brendan McDermid | Reuters U.S. stock futures rose early Thursday, boosted by a blowout Micron Technology earnings report, as traders looked ahead to the release of a key inflation reading for May. S&P 500 futures and Nasdaq 100 futures climbed 0.5% and 1.8%, respectively. Futures tied to the Dow Jones Industrial Average were flat. Shares of Micron surged almost 15% in Wednesday's extended trading after the chipmaker reported fiscal third-quarter results that topped analysts' expectations. Micron also guided for current-quarter revenue of $50 billion, up from $11.3 billion a year earlier and above the $43.58 billion forecast. Fellow semiconductor stock Qualcomm also gained 14% after raising guidance for its non-handset revenue in fiscal 2029, calling for $40 billion. That's up from an earlier forecast of $22 billion. Other chip names, such as Sandisk , Western Digital , Lam Research , KLA and Applied Materials all rose in sympathy. Both the broader S&P 500 and tech-dominant Nasdaq Composite fell in the day's regular session, with the indexes respectively losing 0.10% and 0.43%. The blue-chip Dow bucked the trend, rising 182.06 points, or 0.35%. Asia-Pacific markets closed broadly higher. South Korea's Kospi led gains, jumping 5.42% to 8,930.30, while Japan's Nikkei 225 rose 4.61% to 72,366.34. Australia's benchmark S&P/ASX 200 was down 0.68% to 8,748.70. …