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Technology stocks pushed the S&P 500 to its 54th record high of the year on Monday, despite mixed trading across other indices, the Associated Press reported.
Super Micro Computer saw a dramatic 28.7% increase in its stock value after an internal investigation cleared its management of misconduct allegations. I Photo: Supermicro Facebook
The Nasdaq rose by 1%, while the Dow Jones Industrial Average dropped 0.3%. Super Micro Computer saw a dramatic 28.7% increase in its stock value after an internal investigation cleared its management of misconduct allegations.
Big Tech companies like Microsoft and Meta Platforms also made significant gains, rising 1.8% and 3.2%, respectively.
Intel, however, experienced a 0.5% decline after announcing the retirement of CEO Pat Gelsinger. The company, recently replaced by Nvidia in the Dow Jones Industrial Average, is searching for new leadership while aiming to rebuild investor trust amid the ongoing AI boom.
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