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Micron stock rose today after Federal Reserve Chair Powell suggested there could be a cut for interest rates in July

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Micron ( NASDAQ : MU ) stock rose in Tuesday 's trading.

The memory technologies company's share price climbed 4.7% in the daily session.

Federal Reserve Chair Jerome Powell said today that the central bank would continue to monitor tariff and inflation dynamics before committing to cutting interest rates.

Powell 's statements today bolstered investor hopes for a rate cut next month and helped send the broader market higher.

Micron is scheduled to report its fiscal Q3 results tomorrow .