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Stocks Edge Higher on Micron and Inflation Data, Dow Futures Mixed
Micron's earnings and tame inflation data helped lift stocks, while Dow futures remained subdued due to Nike's impact, highlighting market volatility.
Dow Jones futures were little changed overnight, with S&P 500 and Nasdaq futures also seeing minimal movement. Strong earnings from Micron Technology, along with a surprisingly tame Consumer Price Index (CPI) inflation report, fueled Thursday's rally. The S&P 500 rebounded above its 50-day moving average, while the Nasdaq encountered resistance. Notable stocks like Micron, AppLovin, and Eli Lilly showed positive intraday movement, with Eli Lilly being the IBD Stock of the Day.