Cautious trading in Wall Street as tech stocks slide despite Micron's strong earnings

Key Facts

Amid persistent selling pressure on technology stocks, Polymarket traders turned cautious on Friday as indices retreated despite strong earnings from Micron (MU). According to reports, tech stocks slid, ignoring Micron's blowout results and easing inflation concerns, prompting traders to adopt a cautious stance ahead of the opening bell.

The decline comes even as Micron reported earnings that surpassed expectations. Market data shows the stock closed at $1,213.56 on June 25, 2026, after hitting a high of $1,255 and a low of $1,136.31 during the session. Tech stocks continue to face headwinds from interest rate hikes and slowing demand, despite improvements in consumer confidence indicators in several major economies.

Traders are watching support and resistance levels around the stock's recent high and low, while awaiting speeches from Fed's Waller and ECB's Lagarde this week for monetary policy cues. The market is also eyeing upcoming US employment data to gauge economic strength and its impact on the technology sector.