Dow Falls Over 4% in September; Micron Surpasses Expectations Amid AI Demand
Wall Street has entered the final quarter of 2026 with mixed momentum. The Dow Jones Industrial Average fell more than 4% in September, ending a five-month winning streak, while the S&P 500 recorded its third losing month out of four but still finished the third quarter in positive territory. In contrast, the Nasdaq Composite performed well due to Meta's strong one-month rally since 2022. Micron Technology reported an impressive fiscal fourth-quarter performance with data center revenue surging over tenfold and beat Wall Street expectations on both earnings and guidance for the current quarter. Despite this positive report, Micron’s shares dipped slightly in premarket trading following a significant rise of more than 500% over the past year. Meanwhile, Minneapolis Federal Reserve President Neel Kashkari stated that inflation remains too high despite recent softer-than-expected PCE price index data for August. The Fed's inspector general found no criminal referral grounds related to management failures in its headquarters renovation.
Tickers: $MU
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