Wall Street opened December with a mixed performance, highlighted by record-breaking highs and sector-driven fluctuations.
The S&P 500 edged up 0.2 percent by midday, building on its best month of the year.
In contrast, the Dow Jones Industrial Average dropped 0.2 percent, while the tech-heavy Nasdaq composite rose 0.8 percent, buoyed by gains in artificial intelligence-related stocks and optimism in retail.
Super Micro Computer led the market’s upward momentum, with its stock soaring 24.2 percent after an internal investigation cleared the company of fraud allegations.
The maker of servers used in AI technology also announced plans to bolster governance by appointing a new chief financial officer and general counsel.
Intel CEO Pat Gelsinger Retires
Chipmaker Intelalso made significant gains, with its shares climbing 5.2 percent after CEO Pat Gelsinger’s retirement …