Major stock indexes fell on disappointing retail sales numbers and mixed earnings results.
The S&P 500 was down 1% to 4,435.08 during midday trading.
The Dow Jones Industrial Average dropped 1.2% to 35,183.12.
The Nasdaq dipped 1.5% to 14,576.04.
The yield on a 10-year Treasury bond decreased 0.2% to 1.255%
The price of gold was down 0.3% to $1,785.10
The price for a barrel of oil dropped dropped 0.8% to $66.74.
TECHNOLOGY
Gambling tech firm GAN Ltd. (Nasdaq: GAN) in Irvine fell 18% to $13.37 per share for a market cap of $562 million. The company said yesterday its net loss was $2.7 million in the second quarter.
RETAIL
Western-themed retailer Boot Barn Holdings Inc. (NYSE: BOOT) declined 5.2% to $83.50 per share for a market cap of $2.5 billion. The greater-than-expected 1.1% retail sales drop in July in the U.S. has led to concerns about future consumer spending.
FITNESS
Xponential Fitness Inc. (NYSE: XPOF) dropped 7% to $10.97 and a $511 million market cap. Eight analyst firms today released reports on the Irvine-based fitness franchiser, issuing price targets from $14.50 to $30. Xponential went public on July 23 at $12 a share.
HEALTHCARE
Evolus Inc. (Nasdaq: EOLS) fell 9.7% to $10.11 and a $552 million market cap. Shares of the Newport Beach maker of aesthetic products are still up three-fold since the start of the year.
