STOCKS | Micron Shares Rise 4% as Chip Stocks Rebound; Marvell to Join S&P 500 on June 22

Micron shares rose 4% on Tuesday as chip stocks extended a rebound following Friday’s selloff. According to NS3.AI, Marvell Technology is set to join the S&P 500 index as of June 22. Investors are also focused on Wednesday’s CPI report after April CPI increased at its fastest annual pace in nearly two years.