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Micron Technology Inc. (MU) Climbed After Stock Repurchase Announcement

Micron Technology Inc. (MU) announced Monday morning that its Board of Directors has authorized the discretionary repurchase of up to $1 billion of its outstanding common stock.

Micron Technology gapped open higher Monday and advanced further around mid-morning. Shares finished up by 1.24 at $32.30. The stock climbed to a 2 1/2 week high and re-crossed its 50-day moving average.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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