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

Market Overview - The S&P 500 increased by 0.3% on November 25, 2024, as the post-election rally gained momentum during the holiday week [1][2] - Major U.S. equity indexes rose, with the Dow achieving a record closing high, up 1% [2] Company Highlights - Super Micro Computer (SMCI) shares surged by 16% after filing a compliance plan related to its delayed annual report and appointing BDO as its auditor, marking its fifth top daily performance in six trading sessions [3] - Ulta Beauty (ULTA) shares rose by 7.2% following strong earnings from Bath & Body Works (BBWI), which reported better-than-expected sales and profits, indicating positive demand for the holiday shopping season [5] - Pool Corp. (POOL) shares increased by 6.4% after Berkshire Hathaway purchased 400,000 shares, despite a decline in pool construction spending [6] Sector Movements - U.S. Treasury yields decreased, benefiting stocks in the solar energy and housing sectors, with Enphase Energy (ENPH) shares jumping by 8.5% [4] - Major homebuilders also experienced gains amid expectations of moderating mortgage rates [4] Declines in Stock Prices - GE Vernova (GEV) shares fell by 5.8%, the largest drop in the S&P 500, due to uncertainties regarding future policies under the incoming Trump administration [7] - ConocoPhillips (COP) shares dropped by 5.1% after completing its acquisition of Marathon Oil, which included an offer for debt security holders [8] - Oneok (OKE) shares tumbled by 4.7% following its announcement to acquire Enlink Midstream for $4.3 billion, raising concerns about dilution and debt impact [9] - Lockheed Martin (LMT) shares decreased by nearly 4% after Elon Musk questioned the viability of costly manned fighter jets like the F-35 [10]