Dow closes 198 pts higher as US stocks close mixed ahead of earnings

Impact · against what's priced in

The news is largely noise for mega-caps as BofA's Salesforce upgrade and Microsoft's chip plans align with existing AI-growth narratives. Conversely, Micron faces a genuine headwind as Chinese competition threatens the pricing power the market already expects through 2027.

MU−0.40

Challenges what's priced in

The price assumes

Sustained pricing power and margin expansion beyond 2027