Market Updates

U.S. Movers: Accenture, Alphabet, Apple, Boeing, Meta, Nvidia, Super Micro Computer

Scott Peters
25 Mar, 2024
New York City

    Boeing increased 1.2% to $191.10 after the company announced a leadership shakeup. 

    Chief executive Dave Calhoun will step down as a part of a broader management reorganization, and chairman of the board Larry Kellner will resign in May after the company's annual meeting. 

    Boeing has suffered several manufacturing quality setbacks, and recently, a door panel blew out of a Boeing 737 Max 9 aircraft while flying an Alaska Air flight on January 5. 

    Alphabet, Apple, and Meta declined between 0.5% and 1.4% after the European Union launched an investigation under its new Digital Markets Act. 

    Nvidia Corp. rose 2% to $962.0 amid the rally in artificial intelligence-linked stocks. 

    Super Micro Computer soared 9.3% to $961.73 and rebounded from a loss of more than 3% in the previous week after the company announced its plan to sell as many as 2 million shares and raise $2 billion. 

    Arm Holdings and Advanced Micro Devices advanced more than 1%. 

    Accenture plc declined 1.4% to $331.44 after the company extended the previous week's losses by more than 10% following the weaker-than-expected current quarter outlook, which outweighed earnings beat in the previous week. 

     

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