Micron Falls, Lucid Revs Up as Nasdaq Seeks to Bounce Wednesday
The stock market has been especially volatile in September, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has seen more than its share of ups and downs. With macroeconomic factors potentially having an outsize impact on the high-growth stocks that make up so much of the Nasdaq, many expect the volatility to continue. After a drop of nearly 3% on Tuesday, the Nasdaq looked set to rebound Wednesday morning, with futures up 116 points, or 0.8%, to 14,881.
A couple of Nasdaq stocks were especially noteworthy heading into Wednesday's session. Micron Technology (NASDAQ: MU) reported its latest earnings on Tuesday afternoon, and many investors have tracked the situation in the memory chip market to see whether shortages would finally show signs of easing up. Meanwhile, in the electric vehicle space, Lucid Group (NASDAQ: LCID) has ridden a bumpy road lately, but its stock bounced back sharply on Wednesday morning on promising news for its future. Below, we'll take a closer look at both.
Image source: Lucid Motors.
Source Fool.com
