2 weeks Ago
primeimages Pringles and Pop-Tarts maker Kellanova ( K ) was the biggest winner during the S&P 500’s ( SP500 )( SPY ) topsy-turvy August, while Super Micro Computer ( SMCI ) logged the steepest loss as the broad index managed to pull out its fourth-straight monthly advance. The S&P 500 ( SP500 )( IVV )(VO0) finished Friday higher at 5,648.38, locking in an August rise of 2.
28%. Large-cap equities plunged during the month, rocked chiefly by recession fears. But Federal Reserve Chair Jerome Powell saying rate cuts are coming contributed to the benchmark ( SP500 ) nearly stepping back up to its 5,667 all-time closing high.
Kellanova ( K ) shares surged nearly 40% in August, but a $35.9B buyout deal this month by Snickers maker Mars will eventually see Kellanova taken private. Super Micro Computer ( SMCI ) shares sank after the server company said it wouldn’t be able to file its annual 10-K report on time.
Late Friday, the company said it doesn't expect any "material changes" to its fiscal 2024 after delaying its annual report earlier this week. Here are the 5 biggest percentage gainers on the S&P 500 in August: Kellanova ( K ) - Monthly gain: +38.5% Fortinet ( FTNT ) - Monthly gain: +32.
2% Eli Lilly ( LLY ) - Monthly gain: +19.4% Starbucks ( SBUX ) - Monthly gain: +21.3% Clorox ( CLX ) - Monthly gain: +20% 5 biggest percentage decliners: Super Micro Computer ( SMCI ) - Monthly loss: -37.
6% Moderna ( MRNA ) - Monthly loss: -35.1% Dollar General ( DG ) - Monthly loss: - 31.1% Intel ( INTC ) - Monthly loss: - 28.
3% Walgreens Boots Alliance ( WBA ) - Monthly loss: - 22.1% More on the markets Stocks Plunge Then Recover In August, Eyes On Fed Rate Cuts September: The Pause That Refreshes The Bears Have A Steep Mountain To Climb Wall Street ends wild August on a positive note as Nasdaq, S&P gain +1% each BofA says commodities are starting a bull run and should be the “40” in 60/40 portfolios.
