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