Broadcom, Supermicro, RH, and More
Main points
- Major U.S. stock indexes were slightly lower in midday trading on Friday, as the market retreated from a post-election rally that had hit record highs.
- Super Micro Computer’s stock price plummeted on concerns that the company’s stock could be removed from the Nasdaq 100 Index.
- Shares of chipmaker Broadcom surged after the company’s earnings and outlook beat expectations.
Major U.S. stock indexes were slightly lower at midday on Friday, as markets took a breather from a record performance following last month’s presidential election. The Dow, S&P 500 and Nasdaq all fell.
Ultramicrocomputer (SMCIThe computer server maker’s shares tumbled amid concerns that its stock could be removed from the Nasdaq 100 Index.
Charles Schwab stock (SW) also comes as discount brokerages and asset managers report their Scan cash November was unchanged from the previous month.
electric car (evgoThe company’s shares soared after the federal government provided $1.25 billion in loan guarantees to a network of electric vehicle charging stations.
Broadcom (AVGO) was the best-performing stock in the S&P 500, with shares hitting a record high after the chipmaker Announced better than expected results and anticipates strong demand for it Artificial Intelligence (AI) product.
Penn Entertainment Inc. stock (payne) as casino operators gain JPMorgan upgrades rating and price targetgrowth is expected as investments begin to pay off.
Relative humidity (relative humidity) Home furnishing retailer shares soar Raise full-year forecast and turn loss into profitThis is despite a weak housing market.
Oil futures rose, gold prices fell. The 10-year Treasury yield rose. The dollar rose against the pound and the yen but fell against the euro. Most major cryptocurrencies are trading lower.