Non-Tech Markets Lose Steam; Nasdaq Approaches Record High

Market Overview - The markets showed signs of exhaustion, with the Dow slipping 106 points (-0.25%) and the S&P 500 remaining unchanged at 0.0%, while the Nasdaq gained 61 points (+0.31%) [1] - The small-cap Russell 2000 closed down at -0.99% [1] Federal Reserve Insights - Fed Chair Jerome Powell discussed potential interest rate cuts, indicating inflation concerns due to tariff policies [2] - Powell's previous comments had energized markets, suggesting rate cuts could happen "sooner than later" [2] Technology Sector Performance - The Nasdaq is nearing all-time highs, driven by strong performance in tech stocks, particularly in AI investments [3] - NVIDIA (NVDA) has seen a significant increase of nearly +64% since early April, attributed to a pause in trade war tariffs and strong AI-related demand [3] Company Earnings: Micron Technology - Micron (MU) reported fiscal Q3 earnings of $1.68 per share, exceeding expectations by 9 cents and showing a +171% year-over-year increase [4] - Revenues reached $9.30 billion, surpassing the $8.84 billion forecasted by analysts [4] - Micron raised its fiscal Q4 guidance significantly, projecting earnings of $2.35-2.65 per share and revenues of $10.4-11.0 billion, well above previous estimates [5] - The stock has increased +51.2% year-to-date and gained an additional +4% in late trading [5]