Lamb Weston, Amedisys, Supermicro, and More
Main points
- Major U.S. stock indexes plunged midday on Friday as technology stocks fell.
- Shares of AMD and Tesla led losses in the S&P 500.
- Lamb Weston shares rose after reports that activist investor Jana Partners made another move to force changes at the frozen potato supplier.
Major U.S. stock indexes plunged midday on Friday as technology stocks fell. The Dow Jones fell about 1%, while the S&P 500 and Nasdaq both fell more than 1%.
Ultramicrocomputer (SMCI) was the worst-performing stock on the S&P 500 as concerns persisted about the server maker’s delayed filing, and Accounting Manipulation Allegations.
Tesla stock (Tesla) Sales also fell ahead of the electric vehicle (EV) maker’s latest delivery report due next week on concerns they may not meet lofty expectations.
Netflix (NFLX) even as the streaming giant’s stock price fell reported record attendance National Football League (NFL) game on Christmas Day. Analysts said the gains were priced into the stock price, which hit a record high earlier this month.
Lamb Weston (long waveJana Partners shares rose after reports that it has aligned itself with another former executive of the frozen potato maker as a potential board candidate. this activist investor already shake up the company.
Amydices (yame) shares surge after company agrees extension period Completes $3.3 billion merger with UnitedHealth Group (united nations institutes of health), after the Justice Department moved to block the deal. UnitedHealth Group shares were little changed, falling slightly.
Gold futures fell while crude oil prices rose. The yield on the 10-year Treasury note is higher. The dollar fell against the euro, pound and yen. Most major cryptocurrencies are trading lower.
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