The S&P 500 advanced 0.4% on Tuesday, Nov. 19, as investors digested strong quarterly results from Walmart and awaited earnings reports from several big-name companies.
Super Micro Computer shares skyrocketed 31.2% after the server manufacturer filed a compliance plan to avoid delisting by the Nasdaq. Vistra’s shares jumped 5.6% after announcing a private offering of senior secured notes to raise at least $1.25 billion.
Nvidia shares added 4.9% as analysts expect the company to post strong year-over-year sales and profit growth in its upcoming quarterly report. GE Vernova’s shares gained 4.5% following an agreement to acquire a heavy-duty gas turbine combustion parts business from Woodward.
However, Incyte’s shares plunged 8.3%, suffering the steepest drop of any S&P 500 stock, after the pharmaceutical company provided negative updates on two experimental drug candidates. Moderna’s shares lost 5.6% after analysts initiated coverage with a “hold” rating, citing concerns about breakeven targets and commercial pressure.
Intuit’s shares sank 5.1% following reports that leaders within the incoming presidential administration have discussed developing a free tax filing platform. Jacobs Solutions’ shares tumbled 4.9% after reporting results for the fiscal fourth quarter of 2024, despite forecasting mid- to high-single-digit revenue growth in the current fiscal year.
Source: https://www.investopedia.com/s-and-p-500-gains-and-losses-today-supermicro-roars-back-after-compliance-filing-8748143