US STOCKS-Wall St rallies after broad sell-off; Micron shines

Wall Street advanced on Thursday after recovering from a broad sell-off in the prior session, with latest data adding to expectations that borrowing costs could ease next year, while chipmaker Micron advanced after giving an upbeat forecast. "Markets are going high because yields are coming down, but yields are coming down because the market is expecting really weak economic activity next year and that the Fed will cut interest rates." The three main indexes had ended the previous session lower, with the benchmark S&P 500 notching its worst day since late September, snapping a recent rally sparked by a surprisingly dovish tone by the Federal Reserve.