Stocks Rally as Fed Holds Steady on Rate Outlook; Micron Surges on Strong Earnings

Dow Jones futures rose Thursday following the Fed's steady rate cut outlook; Micron stock surged on strong earnings.
The stock market rally saw gains Wednesday, reacting positively to the Fed sticking with plans for three 2024 rate cuts.
Several stocks flashed buy signals, including Arista Networks, DraftKings, PVH, JFrog, and Royal Caribbean.
Micron reported better-than-expected profits and revenue with bullish guidance, sending its stock up 17% premarket.
Fed chief Powell said it's appropriate to start easing rates "at some point this year" but gave no specifics on timing.