S&p 500 Gains And Losses Today: Broadcom Stock Soars As Earnings Show Ai Strength

Major U.S. equities indexes were mixed and small changed to wrap up a trading week that delivered respective cardinal economical information points. Despite indications of sticky inflation, traders wide expect different interest-rate trim erstwhile nan Federal Reserve convenes adjacent week for its final argumentation gathering of 2024.

The S&P 500 was level to decorativeness Friday's session, while nan Dow slipped 0.2%, and nan Nasdaq edged 0.1% higher.

Broadcom (AVGO) shares skyrocketed 24.4% to an all-time high, lifting nan company's marketplace capitalization above nan $1 trillion level aft nan chipmaker beat gross and profit estimates pinch its fiscal fourth-quarter results. The institution said its artificial intelligence (AI) income successful fiscal 2024 much than tripled year-over-year, and respective analysts raised their value targets connected nan stock, citing its AI gross growth. Friday's gains made Broadcom nan apical regular performer successful nan S&P 500.

Shares of Lamb Weston (LW), a shaper of stiff French fries and different murphy products, jumped 6.8% pursuing reports of buyout talks pinch Post Holdings (POST), nan packaged equipment elephantine known for its meal cereals. Lamb Weston has reportedly faced unit from an activist investor to research options for trading nan company.

Walgreens Boots Alliance (WBA) shares besides added 6.8%. The banal had surged earlier successful nan week pursuing reports nan drugstore usability is evaluating a imaginable sale to backstage equity patient Sycamore Partners, but nan shares returned immoderate of those gains earlier regaining momentum connected Friday.

Arista Networks (ANET) shares climbed 5.1% to an all-time high. Citi analysts suggested nan networking instrumentality supplier could beryllium a cardinal beneficiary of nan roar successful AI demand, pointing to request for information halfway switches. Arista precocious completed a 4-for-1 stock split connected Dec. 4.

Nucor (NUE) shares sank astir 4.7%, extending losses posted successful nan anterior convention aft UBS downgraded nan steelmaker's banal to "neutral" from "buy." Expectations for protective waste and acquisition policies nether nan incoming management helped thrust a rally successful alloy stocks pursuing nan U.S. statesmanlike election, and analysts pointed to a little favorable risk/reward floor plan pursuing those gains.

Shares of server shaper Super Micro Computer (SMCI) fell 3.9%. The move little came arsenic concerns intensified astir nan imaginable removal of nan banal from nan Nasdaq 100. Supermicro shares person been volatile since nan institution delayed its yearly regulatory filing amid questions astir its accounting practices and nan resignation of its auditing firm.