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Asian Markets Drop, Apple Hike Erases $250B, Chip Wins

6/26/2026

Summary

Apple Shares Tumble

Asian shares fell Friday after Apple’s price hikes erased about $250 billion from its market value.
Micron secured $22 billion in orders while Qualcomm forecast $15 billion in data-centre sales by 2029.
The yen hovered at 161.73 per dollar while Brent fell to $72.53 and WTI to $69.36.
Nasdaq futures dropped 1.7% in Asia.
S&P 500 futures rose 0.5% while European futures were flat amid mixed AI-stock sentiment.

Summary

Markets Mixed

The S&P 500 closed at 7,357.49, slipping 0.73% on Thursday.
The Dow Jones Industrial Average rose 71.72 points to 51,960.62 while the Nasdaq composite fell 118.03 points to 25,358.60.
The 10-year Treasury yield eased to 4.39% as consumer-price inflation rose to 4.1% in May from 3.8% in April.
Brent crude oil rose 2.2% to $75.50 per barrel, prompting Annex Wealth Management chief economic strategist Brian Jacobsen to say lower gasoline prices should pull inflation expectations lower.

Summary

Micron Beats Estimates

Micron Technology reported Q2 revenue of $41.5 billion and EPS $25.11, beating Street consensus of $35.9 billion and $20.86 per share.
Micron guided Q3 revenue to $50 billion, $6.5 billion above analysts’ $43.6 billion estimate, and announced 16 Strategic Customer Agreements backed by $18 billion in cash deposits that lock in price floors.
Micron raised capital-expenditure guidance to $27 billion for FY 2026 and $45 billion for FY 2027 to fund new fabs in Idaho, New York and Singapore.

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Apple Shares Tumble

Asian shares fell Friday after Apple’s price hikes erased about $250 billion from its market value.
Micron secured $22 billion in orders while Qualcomm forecast $15 billion in data-centre sales by 2029.
The yen hovered at 161.73 per dollar while Brent fell to $72.53 and WTI to $69.36.
Nasdaq futures dropped 1.7% in Asia.
S&P 500 futures rose 0.5% while European futures were flat amid mixed AI-stock sentiment.

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