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Major U.S. indexes were lower as of midday Friday as tech stocks stalled.
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Super Micro Computer and Tesla stocks led the S&P 500's losses.
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Shares in Lamb Weston rose after reports that activist investor Jana Partners has taken another step in its effort to force change at the frozen potato provider.
Major U.S. indexes were lower as of midday Friday as tech stocks stalled. The Dow fell about 1%, while the S&P 500 and Nasdaq fell more than 1%.
Super microcomputer (SMCI) was the worst-performing stock in the S&P 500 amid continued concerns about server makers' filing delays. Suspicion of accounting manipulation.
Tesla stock (TSLA) also fell on concerns that electric vehicle (EV) makers may fall short of lofty expectations ahead of their latest report on deliveries due next week.
Netflix (NFLX) Stock price declines despite being a major streaming company Reported record viewership In preparation for the National Football League (NFL) game on Christmas. Analysts suggested the gains were already priced into the stock, which reached an all-time high earlier this month.
Lamb Weston (LW) Shares of Jana Partners rose on reports that it has teamed up with another former executive of the frozen potato maker as a board candidate. of activist investor has been move to reorganize the company.
Amedicis (amed) The stock price soared after the company reached an agreement. extend the deadline To complete the $3.3 billion merger with UnitedHealth Group (united nations), after the Department of Justice moved to block the deal. UnitedHealth stock was little changed, falling slightly.
Gold futures fell and oil prices rose. Yields on 10-year U.S. Treasuries were high. The US dollar lost against the euro, pound, and yen. Most of the major cryptocurrencies have fallen.
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