Super Micro Computer shares slumped Monday morning as the stock felt the impact of a pair of headlines that came out after the bell Friday, including a potential capital raise and the stock's removal from the Nasdaq 100 Index.
U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four. The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%.
Tesla stock’s end-of-year rampage rolled on, with shares hitting another new high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.