Inflation Metric

Tech stocks experienced volatility. Micron’s strong earnings boosted memory chip prices, but also raised costs for major tech giants like Apple, which subsequently increased product prices. Meanwhile, a moderate PCE reading offered some market relief. Intel, a key holding for the CNBC Investing Club, received neutral coverage from Goldman Sachs, highlighting its long-term potential in AI and manufacturing. FedEx Freight’s upcoming earnings report as a standalone entity will be scrutinized for demand and margin strategies.