Stock Market Update
18-Feb-26 12:00 ET
Memory stocks rebound from yesterday's slide
Dow +258.45
at 49790.53,
Nasdaq +256.91
at 22835.31,
S&P +50.87
at 6894.08
[BRIEFING.COM] The major averages trade in a steady range, little changed from previous levels.
Memory stocks such as Micron (MU 426.90, +27.12, +6.78%) and Western Digital (WDC 305.85, +21.74, +7.65%) are among today's outperformers, rebounding nicely from a weaker showing yesterday.
Micron moved lower yesterday after The Wall Street Journal reported that the company is set to spend $200 billion to expand memory capacity. Today, the stock benefits from several notable 13F filings.
Discovery Capital disclosed a new position of 105K shares, while Appaloosa increased its position from 0.5 million to 1.5 million shares.
