Top Stock Movers Now: Broadcom, Supermicro, RH, and More

Key Takeaways

Major U.S. indexes were slightly lower at midday Friday as the markets took a break from their record-setting performance following the presidential election last month. The Dow, S&P 500, and Nasdaq all lost ground.

Super Micro Computer (

SMCI

) shares tumbled amid concerns the computer server maker’s stock could be knocked off the Nasdaq 100 Index.

Shares of Charles Schwab (

SCHW

) also fell as the discount brokerage and asset manager reported its
sweep cash
in November was flat from the month before.

EVgo (

EVGO

) shares took off after the federal government granted the electric vehicle charging station network $1.25 billion in loan guarantees.

Broadcom (

AVGO

) was the best-performing stock in the S&P 500, with shares hitting an all-time high after the chipmaker
posted better-than-expected results
and projected strong demand for its
artificial intelligence (AI)
products.

Shares of Penn Entertainment (

PENN

) gained as the casino operator got an
upgrade and price target hike from JPMorgan
, anticipating growth as its investments begin to pay off.

RH (

RH

) shares soared after the home furnishings retailer
boosted its full-year outlook and swung to a profit
, despite a weak housing market.

Oil futures rose and gold prices dropped. The yield on the 10-year Treasury note advanced. The U.S. dollar was up on the pound and yen, but lost ground to the euro. Most major cryptocurrencies traded lower.

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