A person looks at an electronic stock board showing Japan's stock prices at a securities firm Friday, March 22, 2024, in Tokyo. Stocks were mostly lower Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.– Stocks were mixed Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
Micron surged 14.1% and led chipmakers higher after reporting much stronger results for its latest quarter than expected. It also gave a forecast for profit in the current quarter that topped analysts' estimates, as it benefits from a rush into artificial intelligence. Accenture was another weight on the market after dropping 9.3%. The consulting and professional services company reported stronger profit for the latest quarter than analysts expected. But its forecast for profit over this full fiscal year fell short of estimates.
Some reports Thursday morning suggested the U.S. economy is doing better than expected, even in the fact of high rates.A measure of manufacturing activity in the mid-Atlantic region unexpectedly grew, while a preliminary look at manufacturing nationwide was also better than expected.
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