🟢 STMicroelectronics is trading 4.75% up, as chip stocks rally on Micron’s strong results

STMicroelectronics is trading at $56.04, up 4.75%, on October 2, as semiconductor stocks rallied after Micron’s strong results and upbeat outlook.

• The supplied sector context reports SOXX up 2.71%; the move appears primarily sector-driven, with no confirmed company-specific catalyst.
• Treasury yields retreated ahead of the U.S. jobs report, adding to the risk-on backdrop.