Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-1.0%), and DJIA (-0.2%) hold losses as equities have faced increasing pressure throughout the session. 

The market looks ahead to Micron's (MU 166.85, +2.23, +1.35%) earnings report after the close, amid a tough day for chipmakers and AI-centric plays. The stock is up over 40% in September alone and over 90% year-to-date, driven by booming AI memory demand and strong HBM3e momentum.

With expectations elevated and the HBM narrative largely priced in, guidance will be a key factor in the stock's price action. Micron likely needs to issue a strong 1Q26 outlook to avoid a "sell the news" reaction, especially given the stock's parabolic move in recent weeks.