Stock market today: Rising tech stocks pull Wall Street to another record
Technology stocks pulled Wall Street to another record amid mixed trading
NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading.
The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%.
Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market.
Following allegations of misconduct and the resignation of its public auditor, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance.
