West Texas Intermediate

Micron shares fall after earnings despite strong quarter, Cramer keeps bullish stance

Micron reported quarterly results that Jim Cramer called a 'great quarter,' but the stock dropped anyway amid concerns over its gross margin outlook and increased capital spending plans. Cramer noted Micron now has 26 strategic customer agreements, up from 16 last quarter, giving it better visibility into future demand, and he remains positive on the company's long-term outlook despite near-term stock weakness.

cnbc.com · 2026-10-01

Oil surge and rising yields pressure Dow, S&P 500, Nasdaq; Meta and Apple offer bright spots

Major U.S. indexes closed lower for the week as crude oil topped $100 a barrel amid U.S.-Iran tensions and the 10-year Treasury yield hit its highest level since October 2023, reviving fears the Fed will raise rates again. The Dow fell 1.6%, while the S&P 500 and Nasdaq dropped 0.8% and 0.7% respectively, despite a Friday rebound. Inflation readings from the producer and consumer price indexes came in largely as expected, but portfolio holdings Meta and Apple offered upbeat signals about their AI prospects.

cnbc.com · 2026-09-12