Broadcom Supermicro RH and More: Top stock moves now

What you need to know

• At midday on Friday, major U.S. stock indexes had a slight decline as they pulled back after the election rally sent markets into record territory.
• Super Micro Computer stock fell on fears it could be removed the Nasdaq 100 Index.
• Broadcom shares soared after the chipmaker's earnings and outlooked topped estimates.

The major U.S. indices were slightly down at noon on Friday, as markets took a breather from the record-breaking performance they had achieved following the election of the president last month. The Dow, S&P 500, and Nasdaq all lost ground. 

Super Micro Computer’s (SMCI), a computer server manufacturer, saw its shares fall amid fears that the stock would be removed from the Nasdaq 100 Index.

Charles Schwab’s (SCHW) shares also declined as the discount brokerage reported that sweep cash was the same in November as the month prior.

EVgo (EVGO) shares took off after the federal government granted the electric vehicle charging station network $1.25 billion in loan guarantees.

Broadcom (AVGO) was the best-performing stock in the S&P 500, with shares hitting an all-time high after the chipmaker posted better-than-expected results and projected strong demand for its artificial intelligence (AI) products.

Penn Entertainment’s (PENN), shares rose after JPMorgan raised the price target and upgraded Penn Entertainment. This was in anticipation of growth, as Penn Entertainment’s investments began to yield results.

RH’s (RH), shares rose after it boosted its annual outlook, and managed to turn a profit in spite of a weak housing sector.

The price of gold dropped and the oil futures rose. The 10-year Treasury yield increased. U.S. dollars were up against the yen, pound and euro but down against the yen. All major cryptocurrencies were down.

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