U.S. stocks on the move: Wingstop, Micron, IDEX
SPY•Wall Street’s main indexes were mixed on Wednesday as investors awaited Federal Reserve policymakers’ comments. Wingstop rose after a third-quarter profit beat, Micron gained as SK Hynix’s profit pointed to robust AI demand, and IDEX rose on AI demand and a higher forecast.
1. Indexes mixed
At 11:31 a.m. EDT, the Dow was up 0.25% at 52,507.00, the S&P 500 was up 0.17% at 7,735.60, and the Nasdaq was down 0.05% at 26,464.10. Megacap growth stocks and corporate results supported the market as investors awaited comments from Federal Reserve policymakers.
2. Stocks in focus
Wingstop shares jumped after the company reported a third-quarter profit beat. Micron gained as SK Hynix’s profit surge signaled robust AI demand, while IDEX rose as AI demand lifted its third-quarter profit and forecast.
