S&P 500 Gains and Losses Today: Supermicro Shares Build on Recent Momentum

Major U.S. equities indexes moved higher to footwear disconnected Thanksgiving week.

The post-election rally regained momentum aft President-elect Donald Trump named hedge money head Scott Bessent arsenic his prime to lead nan Treasury Department.

The S&P 500 precocious 0.3%. The tech-heavy Nasdaq was besides up 0.3%, while nan Dow added 1% to notch a grounds closing high.

Super Micro Computer (SMCI) shares jumped 16%, extending nan drawstring of gains posted past week aft nan server shaper revenge a compliance scheme related to nan merchandise of its delayed yearly study and announced that accounting patient BDO would measurement successful arsenic its auditor. Supermicro secured nan apical regular capacity successful nan S&P 500 for nan 5th clip successful six trading sessions.

U.S. Treasury yields ticked lower, providing a boost for stocks successful nan star power and lodging sectors. Shares of star exertion supplier Enphase Energy (ENPH) jumped 8.5%. Shares of awesome homebuilders besides saw gains amid hopes that elevated owe rates could beryllium group to moderate.

Shares of cosmetics retailer Ulta Beauty (ULTA) precocious 7.2% connected Monday. The gains followed a beardown net study from adjacent Bath & Body Works (BBWI), which posted better-than-expected income and profits while issuing guidance for nan existent 4th that exceeded statement forecasts. The results and outlook bode good for request successful nan cardinal vacation shopping season. Bath & Body Works shares roseate much than 16%.

Pool Corp. (POOL) shares gained 6.4% aft regulatory filings showed that legendary investor Warren Buffet's Berkshire Hathaway (BRK.A) had purchased 400,000 shares successful nan supplier of swimming excavation supplies and equipment. Although spending connected excavation building has declined successful nan uncertain economical environment, Pool Corp. has a beardown marketplace stock successful nan industry, and request for attraction products helps make dependable revenues.

Shares of power exertion supplier GE Vernova (GEV) fell 5.8%, nan steepest driblet of immoderate S&P 500 stock. Although nan institution has been nan taxable of affirmative commentary from respective analysts who person noted an improving macroeconomic outlook and opportunities stemming from powerfulness request related to artificial intelligence (AI) applications, GE Vernova faces uncertainties arsenic President-elect Donald Trump has vowed to reverse policies designed to bolster nan renewable power industry.

ConocoPhillips (COP) shares dropped 5.1% arsenic nan lipid and state exploration and accumulation elephantine completed its acquisition of Marathon Oil. The institution announced an connection for holders of indebtedness securities issued by Marathon to speech them for recently issued ConocoPhillips notes.

Oneok (OKE) shares tumbled 4.7% aft nan earthy state institution announced a scheme to get nan remaining banal of Enlink Midstream (ENLC) for $4.3 billion. The announcement raised concerns astir dilution, pinch astir 37 cardinal caller shares group to beryllium issued arsenic portion of nan transaction, arsenic good arsenic uncertainty astir nan indebtedness effect of nan deal.

Shares of aerospace and defense contractor Lockheed Martin (LMT) dropped astir 4%. A station from Elon Musk complete nan play connected his X societal media level questioned nan contented of constructing costly parented combatant jets for illustration Lockheed's F-35 fixed nan effectiveness and ratio of drones. Musk's station came arsenic he prepares to presume a activity domiciled successful nan incoming Trump administration's Department of Government Efficiency.