Overview

• Micron's sales forecast met expectations but failed to impress, causing a 4% drop in its share price.
• Nvidia's shares also dipped, contributing to concerns about the sustainability of the AI-driven tech rally.
• The S&P 500 and Nasdaq Composite experienced minimal gains, while the Dow Jones remained flat.
• Levi Strauss shares plunged 15% following a revenue miss, despite a rise in denim popularity.
• Investors are cautious ahead of Friday's PCE inflation report, a key indicator for Federal Reserve policy.