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Super Micro Computer shares soared for a second straight session Wednesday.Key Takeaways
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U.S. equities were edging up at midday, with the S&P 500 and Nasdaq driven higher by solid gains from tech shares.
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Super Micro Computer was the best-performing stock in the S&P 500 on a $20 billion deal with Saudi firm DataVolt to "fast-track delivery of ultra-dense GPU platforms and rack systems."
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American Eagle Outfitters pulled its outlook, citing uncertainty with the macroeconomic environment.
U.S. equities were edging up at midday, as tech shares lifted the S&P 500 and Nasdaq, while the Dow Jones Industrial Average was near flat.
Super Micro Computer (SMCI) was the best-performing stock in the S&P 500 on a $20 billion deal with Saudi firm DataVolt to "fast-track delivery of ultra-dense GPU platforms and rack systems."
Shares of Southwest Airlines (LUV) gained as the Texas-based carrier is planning more international flight offerings.
Advanced Micro Devices (AMD) shares jumped when the chipmaker announced a $6 billion share repurchase program.
American Eagle Outfitters (AEO) shares slid after the maker of specialty clothing and accessories withdrew its guidance, pointing to macroeconomic uncertainty.
Shares of Newmont (NEM) and rival gold miners tumbled along with the price of the precious metal, which traded at its lowest level in more than a month. Demand has dropped as Trump administration trade deals have made gold less attractive as a haven for investors.
Electric vehicle (EV) manufacturer Rivian Automotive (RIVN) shares dropped on a downgrade from Jefferies, which pointed to a downbeat demand outlook for the firm's EVs.
Oil futures fell. The yield on the 10-year Treasury note rose. The U.S. dollar gained on the pound, but lost ground to the euro and yen. Trading in major cryptocurrencies was mostly lower.
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