"We have entered back into what we call a Goldilocks scenario, a situation of rising earnings and falling inflation," said Steve Chappell, global head of trading systems development for VectorVest. Meanwhile, Micron TechnologyMU.O forecast quarterly revenue above market estimates, and its shares jumped 7.2% on signs of a memory chip recovery in 2024 after one of the most significant downturns in years. U.S. electric vehicle makers like Tesla TSLA.O and Lucid Group <LCID.O> rose 2.0% and 2.8%, respectively, after a report said the United States was considering tariff hikes on Chinese EV manufacturers.