Micron, Marvell stocks lead semiconductor bounce for second day in a row

What happened: Micron (MU) banal jumped 4% connected Tuesday, extending a rebound from the anterior session. Memory and retention shaper SanDisk (SNDK) besides popped, on with customized chipmaker Marvell Technology (MRVL).

What's down the move: The semiconductor analyzable was poised for a 2nd time of gains, recovering overmuch of Friday's losses aft a wide marketplace sell-off sparked by fears that the Federal Reserve whitethorn person to hike rates to combat rising inflation.

The beforehand connected Tuesday came up of Wednesday's Consumer Price Index (CPI) report, giving investors clues implicit however policymakers whitethorn respond astatine its adjacent gathering successful June.

What other you request to know: Semiconductor stocks person been astatine the halfway of the artificial quality commercialized this year, pushing the broader markets to all-time highs.

Memory spot shaper Micron has been a person wrong the complex, topping $1 trillion marketplace headdress past month. Its peers, Samsung Electronics (005930.KS) and SK Hynix (000660.KS), which besides rallied connected Tuesday, crossed the $1 trillion threshold past month.

Meanwhile, Marvell Technology (MRVL) is acceptable to articulation the S&P 500 (^GSPC) scale arsenic of June 22. News of its inclusion sent shares soaring connected Monday, with gains extending into Tuesday's session.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

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Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.