It’s a volatile day on Wall Street after a short-lived tech rally soured and abruptly reversed course.
Micron’s stellar earnings report boosted the stock by nearly 20% and reignited the AI trade, helping the Nasdaq 100 jump 2% at Thursday’s opening bell.
But it wasn’t to last. Just a half an hour into regular trading, the tech-heavy Nasdaq’s gains reversed, dragged lower by Apple stock, which dropped on news of price hikes on devices as it responds to the memory-supply crunch.
Apple officially raised price for Macs and iPads, a change outgoing CEO Tim Cook warned about earlier this month when discussing memory chip costs.
Here’s where major indexes stood at 10:20 a.m. ET:
The premarket rally was led…







