Express News | Super Micro Computer shares jump 6% on plans for a new CFO and a management cleared by account review.
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Nasdaq, S&P hit new highs, French stock and bond yields fluctuate and rise, Euro once fell more than 1%, Dollar rose.
On the first trading day of December, Cyber Monday shopping amounts will break records, with the Nasdaq and Chinese concept stocks rising about 1%, and the chip index leading with a 2.6% increase, while the Dow fell from its peak. Tesla soared over 4% during the day, intel rose nearly 6% before turning negative, super micro computer surged nearly 29%, and Xpeng autos climbed over 5%, but Li Auto dropped nearly 4%. The French government faces a vote of no confidence, causing French stocks to briefly fall over 1%, and the spread between French and German government bond yields approached the widest in twelve years. US henry hub natural gas fell over 4%, the indian rupee hit a new low, and the offshore yuan dropped over 400 points, falling below 7.29 yuan.
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Super Micro Computer Stock Is Surging Today: What's Behind The Move?
The super micro computer review found no misconduct, decided to replace the chief financial officer, and U.S. stocks rose nearly 16% in early trading.
Super micro computer's pre-market trading increased by 13%, with early gains approaching 16%. The company announced it will replace chief financial officer David Weigand and is seeking a new chief compliance officer and general counsel. An external review found no misconduct by the company.
Super Micro Computer Shares Are Trading Higher After the Company Announced It Completed a Review by an Independent Special Committee. and Stated EY's Conclusions Were Not Supported by Findings.
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