Micron, SanDisk Jump 4% Even as Hot Jobs Report Briefly Flips Fed Hike Odds Above 50%
Micron and SanDisk jumped as memory shortages outweighed a hot jobs report that briefly pushed September Fed hike odds above 50%.
Memory chip makers Micron and SanDisk went up today because there aren't enough computer memory chips to go around—even though a strong jobs report made people wonder if the Federal Reserve might raise interest rates soon. When you see a stock go up despite bigger economic worries, it means that company's own situation is pretty strong.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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