Stock Market Today: S&P 500 Avoids Fifth Day of Losses As Micron RAM-velations Lift Tech

Verizon has announced a reduction in the price of a significant customer perk as part of its strategy to attract and retain customers amid ongoing operational challenges. This decision comes in the wake of a substantial workforce reduction, with over 13,000 employees laid off, marking the company's largest job cut to date.

Costco has reaffirmed its commitment to maintaining competitive pricing across its product range, a strategy that resonates with consumers during challenging economic times. This promise is particularly significant as many shoppers are increasingly price-sensitive and seeking value in their purchases.

A retail CBD chain has announced the closure of all its locations due to ongoing legal uncertainties surrounding the sale of CBD and hemp products. This decision comes as retailers face challenges in navigating the evolving regulatory landscape, despite some federal guidance.

Lululemon is facing significant challenges as it attempts to address troubling customer behavior in its stores, which has raised concerns about the company's future performance. The retailer is grappling with declining sales and a shift in consumer expectations, exacerbated by rising operational costs and the growth of e-commerce.

The S&P 500 index ended its losing streak on Thursday, buoyed by a cooler-than-expected inflation report that raised expectations for further interest rate cuts by the Federal Reserve. Additionally, a rebound in the tech sector contributed positively to market sentiment, reflecting a shift in investor confidence.

In 2025, a U.S. car manufacturer achieved a significant milestone by selling 2.8 million vehicles, marking a notable shift in consumer buying patterns amid fluctuating automotive tariffs. The U.S. managed to reduce tariff burdens to 15% for most trade partners, which played a crucial role in shaping the market dynamics this year.

Micron Technology has reported exceptionally strong financial results, driven by the surging demand for memory chips amid the ongoing AI boom. This surge is expected to create shortages, leading to increased prices for consumer electronics such as phones and PCs in the coming year.

Micron Technology has reported exceptionally strong financial results, driven by a surge in demand for memory chips amid the ongoing AI boom. This increase in demand is expected to create shortages, leading to higher prices for consumer electronics such as phones and PCs in the coming year.