Key Takeaways

Major U.S. indexes were slightly lower at midday Friday as the markets took a break from their record-setting performance following the presidential election last month. The Dow, S&P 500, and Nasdaq all lost ground.

Super Micro Computer ( SMCI ) shares tumbled amid concerns the computer server maker’s stock could be knocked off the Nasdaq 100 Index.

Shares of Charles Schwab ( SCHW ) also fell as the discount brokerage and asset manager reported its sweep cash in November was flat from the month before.

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.

Shares of Penn Entertainment ( PENN ) gained as the casino operator got an upgrade and price target hike from JPMorgan , anticipating growth as its investments begin to pay off.

RH ( RH ) shares soared after the home furnishings retailer boosted its full-year outlook and swung to a profit , despite a weak housing market.

Oil futures rose and gold prices dropped. The yield on the 10-year Treasury note advanced. The U.S. dollar was up on the pound and yen, but lost ground to the euro. Most major cryptocurrencies traded lower.

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