Dallas Federal Reserve Bank President Lorie Logan on Thursday said she's concerned that "much too high" inflation is not cooling fast enough yet to allow the Fed to pause its interest-rate hike campaign in June. Because the job picture is stronger, it means that the Fed is not likely to sit on the sidelines," said Paul Nolte senior wealth advisor and market strategist at Murphy & Sylvest. Chipmaker Micron Technology Inc's MU.O shares gained 1.6% as it plans to invest up to 500 billion yen ($3.70 billion) in Japan for new chips over the next few years.