US stocks close higher for the 2nd consecutive day | Forexlive

The major indices are closing higher for the second consecutive day. The Dow, S&P and NASDAQ indices will close up about 1.5%.

The final numbers showing:

• Dow Industrial Average rose 526.74 points or 1.6% at 33376.49
• S&P index rose 56.78 points or 1.49% at 3878.39
• NASDAQ index rose 162.27 points or 1.54% at 10709.38
• Russell 2000 rose 28.92 or 1.65% at 1776.94

A pretty congruent performance by all the major indices.

Micron is reporting after the close:

• revenues come in at $4.09 billion versus $4.11 billion estimate
• earnings -per-share come in at -4 cents versus -1 cent expected
• company to cut headcount by roughly 10%
• EPS view $-0.72 to $-0.52 versus $-0.50 expected
• revenues are expected at 3.6 – 4 billion versus 3.88 billion expected

The shares of Micron are trading marginally higher after the close up $0.51 at $51.70