Top Midday Stories: Micron Shares Fall Despite Strong Earnings, Guidance; Broadcom to Lend Anthropic $42 Billion for Infrastructure Spending

MT newswire2026/10/01 15:38

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11:38 AM EDT, 10/01/2026 (MT Newswires) -- All three major US stock indexes were down in late-morning trading as Treasury yields surged, with the 10-year hitting a 24-year high. In company news, Micron Technology (MU) reported fiscal Q4 adjusted earnings late Wednesday of $33.42 per diluted share, up from $3.03 a year earlier and above the FactSet consensus of $31.72. Fiscal Q4 revenue was $54.23 billion, up from $11.32 billion a year ago and above the FactSet consensus of $51.33 billion. For fiscal Q1, the company expects adjusted EPS of $37.15 to $39.15 on revenue of $60 billion to $63 billion. Analysts polled by FactSet expect $35.47 and $57.40 billion, respectively. Micron shares were down 1.6% around midday. Broadcom (AVGO) has agreed to lend Amazon-backed (AMZN) Anthropic up to $42 billion to finance infrastructure spending under a partnership covering chip supply, equipment and financing, Reuters reported Thursday, citing Anthropic's IPO prospectus documents. The financing could cover about one-third of Anthropic's $125.2 billion five-year TPU computing lease commitment, with Anthropic expected to become Broadcom's largest compute customer in 2027, according to the report. Broadcom and Amazon shares were each down 1.0%. Accenture (ACN) reported fiscal Q4 EPS on Thursday of $3.29, up from $2.25 a year earlier and above the FactSet consensus of $3.18. Fiscal Q4 revenue was $18.68 billion, up from $17.60 billion a year ago and above the FactSet consensus of $18.03 billion. For fiscal Q1, the company expects revenue of $18.95 billion to $19.60 billion, compared with the FactSet consensus of $19.35 billion. For fiscal 2027, the company expects revenue growth of 3% to 6% in local currency and EPS of $14.39 to $14.81. Analysts expect $14.64 and $76.40 billion, respectively. For fiscal 2027, the company expects to return at least $9.5 billion in cash to shareholders. Accenture shares were up 18.2%. Corteva (CTVA) said Thursday a federal court in California denied its request to temporarily block the planned separation of its seed business into a new publicly traded company called Vylor (VYLR). In a separate announcement, Vylor said it completed its separation from Corteva and is set to begin trading as an independent public company on the New York Stock Exchange. Vylor said it's targeting about $11.2 billion to $11.9 billion in net sales, and $3.3 billion to $3.7 billion in operating EBITDA by 2029. The company said it also expects licensing revenue to exceed $500 million in 2027 and $1 billion by 2035. Corteva shares were down 84.3% while Vylor shares were up 7%. Price: 1047.94, Change: -17.18, Percent Change: -1.61

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01:09 PM EDT, 10/06/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded fund IWM fell and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) added 0.7%. US equity indexes rose as big-tech names helped the S&P 500 and the Nasdaq Composite hit fresh all-time highs intraday amid declining government bond yields and crude oil. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were each up about 0.8%. Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.8%; iShares US Technology ETF (IYW) added 0.7%, and iShares Expanded Tech Sector ETF (IGM) was 0.8% higher. The State Street SPDR S&P Semiconductor (XSD) climbed 1.4%, and iShares Semiconductor (SOXX) rose 0.6%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.4%. Commodities Crude oil rose 0.2%, and the United States Oil Fund (USO) added 0.3%. Natural gas gained 1.3%, and the United States Natural Gas Fund (UNG) was up 1.2%. Gold on Comex gained 0.7%, and the State Street SPDR Gold Shares (GLD) was up 0.4%. Silver rose 0.5%, and iShares Silver Trust (SLV) gained 0.3%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 1% higher, and the Vanguard Consumer Staples ETF (VDC) rose 1.1%. The State Street Consumer Discretionary Select Sector SPDR (XLY) added 1.1%. VanEck Retail ETF (RTH) was up 1%, and the State Street SPDR S&P Retail (XRT) edged up 0.3%. Healthcare The State Street Health Care Select Sector SPDR (XLV) slipped 0.1%, while iShares US Healthcare (IYH) shed 0.2%, and Vanguard Health Care ETF (VHT) fell 0.4%. IShares Biotechnology ETF (IBB) declined 2.1%. Industrial The State Street Industrial Select Sector SPDR (XLI) added 1.2%. Vanguard Industrials Index Fund (VIS) rose 1.1%, and iShares US Industrials (IYJ) gained 1.1%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed

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