Micron Soars, Apple Sinks, and the Indexes Tread Water

Micron Technology (NASDAQ: MU) had a very good day on Thursday. Apple (NASDAQ: AAPL) did not. Those two facts may sound unrelated, but one move inspired the other quite directly. And they pulled the major market indexes in opposite directions today.Micron surged 16% on Thursday after reporting blowout earnings, but the memory chipmaker's gain came at a cost for many other tech stocks. Micron soared on rising memory prices due to limited supply and massive demand, forcing Apple to raise prices on its MacBooks and iPads. As a result of this push/pull dynamic, the stock market moved sideways despite dramatic action underneath the surface.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool