Indexes Fight Fight Back After Sharp Losses; Micron, Lam Research, Jabil In Focus
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Mar 19, 2026 Markets rebound after sharp intraday losses, driven by easing oil and calming headlines. Geopolitics and falling yields help lift stocks off their lows. Micron’s blowout results and price action get close attention. Strength appears in chip-equipment names like LAM Research. Jabil benefits from AI server and cooling demand. After-hours movers include FedEx and Planet Labs.
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Indexes Rebounded After Geopolitics And Oil Eased
- Major indexes staged rallies after sharp intraday losses and geopolitical headlines eased market fears.
- Netanyahu comments on Iran and President Trump saying no boots on ground helped lift stocks while oil and 10-year yields backed off highs.
Breadth Improved Despite Index Weakness
- Market breadth improved as indexes recovered, with advancers roughly matching decliners on both exchanges.
- Despite index weakness, only a small margin of stocks were declining, though miners and gold stocks suffered heavy selling.
Micron Delivered Spectacular Earnings And Raised Capex
- Micron reported blowout March-quarter results with 682% EPS growth and 196% revenue growth, surprising the market.
- Guidance midpoint for the next quarter came in about $10 billion above expectations while Micron raised fiscal 2026 capex by $5 billion to just over $25 billion.
