Yahoo Finance Live anchor Seana Smith looks at several stocks trending in the after-hours trading session.
U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run. Michael Barr, the Federal Reserve's top banking regulator, told a Senate panel that Silicon Valley Bank did a "terrible" job of managing risk before its collapse. Shares of Apple and Microsoft along with other technology-related shares ended down and were among the biggest drags on the S&P 500.
Micron Technology Inc on Tuesday forecast third-quarter revenue would tumble nearly 60% from a year earlier but the steep drop was in line with Wall Street expectations and the company's shares rose after the close of regular trading. With a glut still nagging the chip industry, Micron expects the deepest revenue drop since 2001. It Micron said it would keep investments at about $7 billion for fiscal year 2023, the lower end of a previously stated range.