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Micron and SanDisk jump after strong jobs report shifts Fed hike odds

Micron Technology logoMicron Technology
Sig1.05Sen+1.65Env0.00Soc0.00Gov0.00

After a surprisingly strong August jobs report, Treasury yields rose and Fed hike odds in market pricing flipped above 50%. Micron Technology and SanDisk shares climbed even as other rate-sensitive trades fell, while gold and gold-miners slid. Expectations cited for sharply higher DRAM and NAND contract prices this quarter.

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