Good evening, you're tuned in to Markets Desk.
Micron Technology is the name on every trader's screen heading into earnings, with profit growth estimates approaching one thousand percent year over year. That kind of expansion isn't just a company story — it's an S&P five hundred story, given Micron's weight in the index and its role as a bellwether for AI-driven memory demand. When margins move at that scale, the broader market feels it.
Shifting to small modular reactors, NuScale Power is at the center of what would be the largest SMR deployment in United States history, if the project clears its remaining hurdles. The question for investors is whether a decade-long horizon justifies the risk today. Nuclear energy is back in serious policy conversation, and NuScale sits squarely at that intersection of infrastructure ambition and long-duration capital.
And on the macro policy front, the minimum wage debate is losing steam at the ballot box after years of progressive wins. Recent defeats suggest voters are recalibrating against a backdrop of persistent inflation and small business strain. That shift in public sentiment could take meaningful pressure off the Federal Reserve's labor cost calculus as it watches wage dynamics heading into the second half of the year.
That's the tape. Markets Desk, signing off the floor.
