1. Chipmakers like Micron Technology surged after Q4 revenue forecasts exceeded expectations, with Micron even surpassing Meta Platforms in market capitalization.
2. Bitcoin experienced a 4.8% flash crash, triggering $560 million in network-wide liquidations, but has since rebounded above $60,000.
3. US May PCE inflation rose to 4.1% YoY, influencing market expectations for a potential Fed rate hike, despite core PCE meeting forecasts.
Chip Stocks Surge, Bitcoin Volatility, PCE Data Impacts Fed Outlook
