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S&P 500 Gains and Losses Today: Supermicro Stock Surges Ahead of Business Update

Charles Liang, chief executive officer of Super Micro Computer
Charles Liang, chief executive officer of Super ဣMicro Computer.

Annabelle Chih / Bloomberg / Getty Images

Key Takeaways

  • The S&P 500 gained 0.7% on Monday, Feb. 10, as investors weighed the impact of additional tariffs on imported metals and awaited more earnings updates.
  • Super Micro Computer shares skyrocketed in advance of the server maker's business update on Tuesday, which could offer insight into the company's delayed annual filing.
  • ON Semiconductor missed quarterly sales and profit estimates, and shares of the power chip manufacturer tumbled.

Major U.S. equities indexes ticked higher as markets reacted to President Donald Trump's announcement that he would levy additional tariffs on steel and aluminum imports, helping boost shares of metal manufacturers.

The new trading week will also feature a continued stream of quarterly earnings reports, including financial results from major consumer-facing names like Coca-Cola (KO) and McDonald's (MCD), as well as 澳洲幸运5官方开奖结果体彩网:Wednesday's release of the latest 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) data.

The S&P 5ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ00 added 🃏0.7% on Monday. The Dow gained 0.4%, while the Nasdaq closed 1.0% higher.

Super Micro Computer (SMCI) shares jumped 17.6%, notching the day's best performance in the S&P 500. Investors are 澳洲幸运5官方开奖结果体彩网:anticipating a business update scheduled💞 on Tuesday. The server provider faces a deadline of Feb. 25 to fi🐻le its delayed annual report, and Wedbush analysts indicated that Supermicro could successfully submit the postponed statement or request an additional extension.

Shares of Rockwell Automation (ROK), which provides control systems and services to help automate industrial machinery and processes, surged 12.6%. The push higher came after Rockwell posted 澳洲幸运5官方开奖结果体彩网:better-than-expected profits for its fiscal first quarter, highlighting its progress🌳 on cost-reduction and margin-expansion initiatives.

Western Digital (WDC) shares gaineꦍd 7.1% as anal🐠ysts at Cantor Fitzgerald reiterated their overweight rating on the data storage provider's stock. At the end of last month, Western Digital announced changes to its management team that will become effective upon the completion of the company's planned spinoff of its flash business. The executive reshuffling is part of a realignment plan as Western Digital lays the groundwork for the transaction.

ON Semiconductor (ON) shares dropped 8.2%, falling the furthest of any S&P 500 stock after the manufacturer of power chips 澳洲幸运5官方开奖结果体彩网:missed profit and sales estimates for the fourth quarter. Sales in all three of Onsemi's segments—Power Solutions, Analog and Mixed-Signal, and Intelligent Sensing—slipped year-over-year. Guidance also came in below forecasts as th𝔍e company cited an uncertain꧑ business outlook for 2025.

Incyte (INCY) reported lower-than-expected adjusted profits for the fourth quarter, and the pharmaceutical firm's 2025 sales outlook came in below forecasts. Although Incyte saw year-over-year sales growth from its two key drugs, skin cream Opzelura and blood-cell therapy Jakafi, full-year revenue guidance for both products also 澳洲幸运5官方开奖结果体彩网:missed consensus estimates. Incyte shares tumbled 7.9% on Monday.

Shares of Deckers Outdoor (DECK), the parent company of the Ugg and Hoka footwear brands, slipped 3.9%. Citi analysts upgraded Deckers stock last week to "buy" from "neutral," suggesting that a recent selloff could be overblown as underlying demand remains strong. However, questions have emerged about how the shoe and apparel company could be 澳洲幸运5官方开奖结果体彩网:affected by China tariffs.

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