(Sharecast News) - Major indices were in the green early on Wednesday as traders looked ahead to Micron Technology's earnings after the closing bell.
As of 1515 BST, the Dow Jones Industrial Average was up 0.13% at 51,732.84, while the S&P 500 advanced 0.30% to 7,387.48 and the Nasdaq Composite came out of the gate 0.23% firmer at 25,646.30.
The Dow opened 66.0 points higher on Wednesday, reversing losses recorded in the previous session amid a sharp techled selloff on.
Wednesday's primary focus will be quarterly earnings from chipmaker Micron Technology after the close, with analysts expecting to see earnings of $20.83 per share on revenues of $35.75bn. Micron shares hit a new all-time high on Monday and wrapped up Tuesday at $1,051.77 per share.
Elsewhere on the corporate front, Trip.com and Levi Strauss were slated to report their latest quarterly numbers after the close.
On the macro front, US mortgage applications edged up 1% in the week ended 21 June, partially reversing the prior week's 3.8% decline, according to the Mortgage Bankers Association. Applications to refinancing a mortgage, which are more sensitive to shortterm interest rate moves, rose 3% on the week, while applications to purchase a home slipped by less than 1%, continuing a subdued trend amid high borrowing costs and tight supply.
On another note, US new home sales fell in May, according to the Census Bureau, slipping to an annualised rate of 580,000. The reading was 7.3% below April's 626,000 pace and 6.8% lower than a year earlier. The number of new houses for sale rose to 496,000, up 2.3% on the month but 1.4% below May 2025. The median sales price of a new home increased to $424,900, around 2% higher than April and broadly unchanged from May 2025.
Oil prices were also in focus early on Wednesday, with crude extending its recent slide as international benchmark Brent crude dropped roughly 4% to around $73 a barrel - its lowest level since before US and Israeli airstrikes on Iran in late February - and West Texas Intermediate falling 4% to trade near $70 a barrel.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Home Depot Inc. (HD) $335.73 3.61%
Salesforce.Com Inc. (CRM) $155.04 2.25%
Merck & Co. Inc. (MRK) $121.60 1.81%
Cisco Systems Inc. (CSCO) $121.42 1.47%
Johnson & Johnson (JNJ) $242.39 1.41%
3M Co. (MMM) $163.77 1.19%
Boeing Co. (BA) $219.84 1.16%
Amgen Inc. (AMGN) $351.77 1.08%
Microsoft Corp. (MSFT) $375.69 0.95%
Coca-Cola Co. (KO) $80.92 0.93%
Dow Jones - Fallers
Dow Chemical Co. (DOW) $29.13 -4.30%
International Business Machines Corporation (CDI) (IBM) $260.06 -2.02%
Chevron Corp. (CVX) $172.57 -1.90%
Goldman Sachs Group Inc. (GS) $1,083.31 -1.46%
Verizon Communications Inc. (VZ) $46.06 -1.26%
Unitedhealth Group Inc. (UNH) $406.26 -1.04%
Nike Inc. (NKE) $41.73 -0.78%
JP Morgan Chase & Co. (JPM) $332.03 -0.63%
Apple Inc. (AAPL) $295.75 -0.40%
American Express Co. (AXP) $337.72 -0.15%
S&P 500 - Risers
Mohawk Inds Inc. (MHK) $119.14 9.36%
United Airlines Holdings Inc (UAL) $127.57 8.48%
PulteGroup Inc. (PHM) $136.82 8.44%
Expedia Group Inc. (EXPE) $262.05 8.14%
Illumina Inc. (ILMN) $175.53 7.72%
Lennar Corp. Class A (LEN) $93.64 7.70%
Booking Holdings Inc. (BKNG) $180.63 7.34%
Fortune Brands Innovations, Inc. (FBIN) $43.47 7.21%
D. R. Horton Inc. (DHI) $167.88 6.92%
Whirlpool Corp. (WHR) $38.38 6.36%
S&P 500 - Fallers
Coterra Energy Inc. (CTRA) $32.56 -8.62%
Microchip Technology Inc. (MCHP) $92.28 -5.67%
CH Robinson Worldwide Inc (CHRW) $178.65 -4.92%
QUALCOMM Inc. (QCOM) $196.33 -4.83%
KLA-Tencor Corp. (KLAC) $240.73 -4.23%
Paychex Inc. (PAYX) $93.61 -4.19%
Flowserve Corp. (FLS) $76.66 -4.14%
Archer-Daniels-Midland Co. (ADM) $73.78 -3.54%
LyondellBasell Industries (LYB) $56.14 -3.32%
Ipg Photonics Corp. (IPGP) $107.41 -3.24%
Nasdaq 100 - Risers
Expedia Group Inc. (EXPE) $262.05 8.14%
Illumina Inc. (ILMN) $175.53 7.72%
Booking Holdings Inc. (BKNG) $180.63 7.34%
American Airlines Group (AAL) $16.88 5.01%
DENTSPLY Sirona Inc. (XRAY) $10.62 4.77%
Charter Communications Inc. (CHTR) $131.71 4.67%
Incyte Corp. (INCY) $107.94 3.81%
Dollar Tree Inc (DLTR) $117.58 3.59%
Henry Schein Inc. (HSIC) $82.08 3.54%
eBay Inc. (EBAY) $109.89 3.30%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Microchip Technology Inc. (MCHP) $92.28 -5.67%
QUALCOMM Inc. (QCOM) $196.33 -4.83%
KLA-Tencor Corp. (KLAC) $240.73 -4.23%
Paychex Inc. (PAYX) $93.61 -4.19%
JD.com, Inc. (JD) $25.73 -3.74%
Analog Devices Inc. (ADI) $410.00 -3.23%
Texas Instruments Inc (TXN) $304.38 -2.96%
Skyworks Solutions Inc. (SWKS) $71.85 -2.75%
Asml Holdings N.V. (ASML) $1,748.32 -2.74%
32.78 (0.31%)
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