Cooling Inflation, Micron Technology's Blowout Q1 Help US Equity Indexes Close Mixed This Week
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US equity indexes closed mixed this week, influenced by cooling inflation and Micron Technology's strong Q1 results. The S&P 500, Nasdaq, and Dow Jones showed slight changes. Concerns over AI trade affected sentiment, with Oracle and Broadcom facing sell-offs. A surprise slowdown in CPI growth raised expectations for Fed easing in 2026. Micron's earnings exceeded forecasts, boosting AI-related stocks like the Global X AI & Technology ETF, which rose 1.9%.
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