S&P 500 Gains and Losses Today: Supermicro Stock Soars After Price Target Boost [Video]

Major U.S. equities indexes climbed to start the new trading week. Momentum carried over from the end of last week, when Friday’s jobs report showed a slower-than-expected pace of hiring in April boosted hopes that the Federal Reserve might cut interest rates in the coming months.

Investors will be on the lookout for more signals about the central bank’s intentions when Fed officials speak this week, while several key companies are set to release quarterly results as we near the end of earnings season.

The S&P 500 added 1.0% on the day. The Nasdaq was up 1.2%, boosted by tech sector outperformance, and the Dow gained 0.5%.

Shares of high-performance storage and server provider Super Micro Computer (SMCI) topped the S&P 500, jumping 6.1% after Barclays boosted its price target on the stock. Analysts highlighted expected revenue growth, supply chain improvements, and artificial intelligence (AI) opportunities as reasons for bullishness.

Monday’s gains mark …