By Joe Woelfel
Stocks were rising Friday on the last trading day of November in what has been a good month for Wall Street. It's also Black Friday, the biggest shopping day of the year.
These stocks were making moves Friday:
Super Micro Computer was down 9.2%. The past week has been a topsy-turvy one with the stock gaining 16% on Monday, falling 10% on Tuesday, and rising 1.9% on Wednesday. The big moves in the shares come amid the ongoing threat of Super Micro being delisted from the Nasdaq.
Chip-equipment-making stocks were rising Friday after a Bloomberg report said the Biden administration's crackdown on semiconductor sales to China could be less severe than some had expected. Applied Materials rose 2.6%, Lam Research gained 3.5%, and KLA Corp. was up 3.1%.
Nvidia rose 0.9%. It entered Friday up 173% this year. The leading maker of chips for artificial-intelligence applications last week reported third-quarter earnings that beat analysts' estimates. But the stock has retreated since then, likely a result of profit-taking from investors.
MicroStrategy was up 4.4%. The largest corporate holder of Bitcoin -- the company owns 386,700 bitcoin -- has ridden the cryptocurrency's more than doubling in price this year to gains of more than 500% for its stock. The shares gained 10% on Wednesday.
Shares of Tesla, the electric-vehicle maker, rose 1.9%. It's been a great month for the stock. Through Wednesday, Tesla stock has gained 33% in November, putting it on pace for one of the best months in the company's history.
Shares of Walmart, the world's biggest retailer, were up 0.4% on Black Friday. Amazon.com, the online retailing giant, slipped 0.2%.
Write to Joe Woelfel at joseph.woelfel@barrons.com
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(END) Dow Jones Newswires
November 29, 2024 09:50 ET (14:50 GMT)
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