Pre-Market Report – Thursday 25 June: US Markets mixed - Micron soars after hours - Nasdaq up 540 - SPI up 16 - Gold tests $4000 - Iron ore up.

US equities closed mixed on Wednesday amid losses for heavyweight tech companies. The S&P 500 inched down 0.1% and the Nasdaq 100 lost 0.4%. Micron dropped 0.4% ahead of its earnings report due after the close, with its guidance set as the latest bellwether for memory demand. The move followed a 13% plunge in the previous session amid growing concerns that capital expenditure by AI companies may have become excessive. Other semiconductor producers also fell with Qualcomm and Sandisk down 2.5% and 3.5%, respectively. AI-related fundraising remained elevated, with SK Hynix reportedly seeking to raise $29 billion through a US listing, shortly after SpaceX’s record IPO. Other sectors found support from lower Treasury yields as prospects of restored energy exports from the Middle East eased inflation concerns. The Dow Jones outperformed, rising 182 points, aided by its exposure to traditional sectors. The Dow's exposure to speculative tech will rise on Monday as Alphabet replaces Verizon.Micron flies after hours on results - SPI up 16 - Nasdaq futures up 545pts. Gold down - Oil down.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.