Stocks & indices
Micron could overtake Nvidia as the top driver of S&P 500 profit growth
Analysts say Micron's earnings are becoming increasingly important to the S&P 500, turning its reports into a market event of their own.
The report highlights the company's growing influence on the index's overall profit trend, rivaling Nvidia's role.
For beginners Broad indexes like the S&P 500 are weighted by company size, so results from one major firm can meaningfully move the whole index — a concentration effect common in stock markets.