Supermicro Surges as Independent Probe Concludes | Global News Avenue

Major U.S. stock indexes are mixed at the start of December trading, with many households eyeing Cyber ​​Monday deals as U.S. retailers complete one. Big shopping weekend.

In the meantime, investors will be reviewing several Highlights from this week’s economic dataculminating in the November employment report released on Friday.

The S&P 500 rose 0.2% on Monday, hitting its highest closing price on record for the second consecutive session. The Nasdaq also hit a new closing high, rising 1% on a strong day for the technology and communications sectors. The Dow fell 0.3%.

Ultramicrocomputer (SMCI) shares soared 28.7% on Monday, leading the S&P 500 higher. AMD says independent review board found No evidence of accounting misconduct or fraud. The server maker also announced changes aimed at strengthening its governance structure, including appointing a new chief financial officer, chief compliance officer and general counsel.

Semiconductor equipment stocks extended gains late last week on reports that export restrictions to China may be less stringent than previously expected. Pan-forest research (LRCX) shares rose 6.3% on Monday, while Applied Materials (huge) shares rose 4.9%.

Shares of the cruise operator rose after Truist analysts made positive comments on industry booking and pricing trends. Norwegian Cruise Line Holdings (NCLHShares of the company rose 5.4% after Truist raised its price target on the stock, suggesting the company appears on track to hit the implied sales guidance it provided at its recent investor day. Carnival Stock (copper clad laminate) and Royal Caribbean (RCL) has also improved.

Texas Pacific Land Company stock (TPL), which owns vast tracts of land in the oil-rich Permian Basin, fell 6.1%, the biggest decline among S&P 500 stocks. The stock enjoys Gets boost after joining S&P 500 By the end of November, but heading into December, these gains had reversed.

PG&E Stock (computer graphics) shares fell 5% after the California-based electric power holding company said it would raise $2.4 billion through a public offering of new common stock and mandatory convertible preferred stock. PG&E plans to use proceeds from the offering for general corporate purposes, which may include funding its five-year capital investment plan.

Natural gas prices fell as forecasts of warmer winter weather raised questions about demand for the key heating fuel. According to reports, U.S. natural gas inventory levels entering winter reached the highest level since 2016. Falling prices have put pressure on share prices of companies in the natural gas industry. Shares in pipeline operator Targa Resources (TRGP) and Oneke (great) fell 4.6% and 2.8% respectively.