The Dow Jones Industrial Average rose 334.38 points, or 0.66%, to 51,260.94 after the market opened.

Market movement at a glance

The index posted a notable gain in early trading, with the move reflected in the key metrics below.

The Dow Jones Industrial Average is a price-weighted index tracking 30 large, publicly traded companies listed on stock exchanges in the United States. The early-session advance of 334.38 points placed the index at 51,260.94, representing a 0.66% gain from the prior close.

The Dow Jones Industrial Average fell more than 200 points on Thursday, closing down 0.42% at 50,693.86. The broader market followed suit, with the S&P 500 slipping 0.17% to 7,638.28 and the NASDAQ Composite declining 0.09% to 26,837.36.

Micron results top expectations

Micron Technology Inc (NASDAQ: MU) reported upbeat financial results for the fourth quarter of fiscal 2026 after the closing bell on Wednesday. The semiconductor manufacturer posted revenue of $54.23 billion, exceeding analyst estimates of $50.75 billion. Adjusted earnings per share came in at $33.42, surpassing the consensus estimate of $31.45.

Sector performance and movers

Energy shares led sector gains, rising 1.3% on Thursday. Conversely, materials stocks fell 1.2% in Wednesday trading.

Equities trading up

• Nexalin Technology Inc (NASDAQ: NXL) shares rose 90% to $8.14 following a 10-year exclusive distribution deal with Inovanexa Medical Technologies covering seven Latin American markets.
• Stablecoin Development Corp (NYSE: SDEV) surged 60% to $4.15.
• Veea Inc (NASDAQ: VEEA) gained 44% to $3.14 after announcing an agreement with TROLLEE Holdings for the phased deployment of VeeaONE solutions across 1,000 unattended stores.

Equities trading down

• Corteva Inc (NYSE: CTVA) dipped 84% to $12.62 after completing the spin-off of its advanced seed and genetics business, Vylor.
• NewGenIvf Group Ltd (NASDAQ: NIVF) fell 38% to $0.10 following the closing of a $1.25 million public offering.
• Foghorn Therapeutics Inc (NASDAQ: FHTX) dropped 33% to $2.38 after the company and Lilly decided not to advance FHD-909 into the expansion phase and discontinued their SMARCA2 degrader collaboration.

Commodities and global markets

Oil traded up 2% to $92.23, while gold edged up 0.2% to $4,195.30. Silver rose 1.1% to $61.215, but copper fell 0.7% to $6.5760.

European shares were lower, with the eurozone’s STOXX 600 declining 1.1%. Spain’s IBEX 35 Index fell 1.7%, London’s FTSE 100 dropped 1.6%, Germany’s DAX slipped 0.8%, and France’s CAC 40 dipped 1.4%. Asian markets closed mixed, with Japan’s Nikkei 225 jumping 3.3% and India’s BSE Sensex falling 0.79%.

Economic indicators

U.S. economic data showed mixed signals. The ISM manufacturing PMI declined to 54.5 in September from 54.6 in August, missing market estimates of 55. Construction spending increased 0.9% month-over-month to an annual rate of $2,203 billion in August, compared to a revised 0.1% decrease in July. The S&P Global manufacturing PMI declined to 55.9 in September versus a preliminary reading of 57.0. U.S. jobless claims fell by 1,000 to 197,000 in the week ended September 26, below market estimates of 200,000.

What the numbers show

Micron's revenue beat by approximately 6.9% ($3.48 billion above estimate), while its adjusted EPS beat by roughly 6.3% ($1.97 above estimate). This alignment suggests that the earnings surprise was driven primarily by top-line strength rather than disproportionate margin expansion or one-time items, as both metrics exceeded forecasts by similar percentage margins.