Micron Technology stock price jumps on Monday, shares up nearly 300 per cent for 2026

Micron Technology share price on Monday jumped by over 4 per cent in the pre-market trading. The next test for the rally will be Micron's quarterly results on ⁠Wednesday. Shares of the memory chipmaker have risen almost 300 per cent for the year. Dow E-minis were down 54 points, or 0.10 per cent, and S&P 500 E-minis were down 15 points, or 0.20 per cent. Nasdaq 100 E-minis were also down 63 points or 0.21 per cent. SanDisk shares rose four per cent, Intel jumped 3.8 per cent.

Shares ⁠of memory ‌chipmakers moved higher in premarket trading on Monday. AI-driven optimism has supported Wall Street's recent rally, while a resilient ​economy and hopes for an end to the four-month-long Middle East conflict have bolstered the broader market. AI-driven optimism has supported Wall Street's recent rally, while a resilient ​economy and hopes for an end to the four-month-long Middle East conflict have bolstered the broader market.

Among other movers, SpaceX shares slipped 5.2 per cent to $175.3 after two straight sessions of drops following a stellar debut. Apogee Therapeutics jumped 50.8 per cent after AbbVie said it would acquire the biotech for $10.9 billion in cash.


Markets currently expect a 25-basis-point rate hike from the Fed in September, according to LSEG data. Yields on 2-year notes, which reflect near-term rate expectations, hit their highest level ​since early 2025 at 4.230 per cent.

Comments from central bank speakers this week including New York President John Williams and Chicago President Austan Goolsbee will also be closely watched for policy signals.

U.S. stock index ​futures were subdued on Monday after Friday's public holiday, as investors gauged progress in the latest round of U.S.-Iran negotiations. U.S. and Iranian officials made "encouraging progress" at the first round of talks in Switzerland that ended early on Monday, mediators said, ‌although tension ⁠persisted over ⁠Lebanon and the Strait of Hormuz.

Oil prices fell as much as 2 per cent,as Washington and Tehran agreed to a roadmap toward a ​final deal within 60 days.