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Sunday, Aug 14, 2022
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Midday Stock Roundup

The S&P; rose 0.4% to 4,563.81 during midday trading. The Dow was flat at 34,819.77 and Nasdaq jumped 1.5% at 14,471.30. 

Crude oil increased 2.9% to $102.16 a barrel. 

Gold was up 0.7% to $1,936 an ounce. 

The yield on a 10-year Treasury bond rose 1.3042% to 2.406%.

HEALTHCARE

The Ensign Group (Nasdaq: ESNG), based in San Juan Capistrano, fell 5% to $89.48 with a market cap of $4.9 billion. The owner and operator of skilled nursing homes announced today three acquisitions of assisted living facilities in California and Washington. Effective last Friday, the new facilities bring Ensign’s portfolio to 252 healthcare operations while chief executive Barry Port reaffirmed the company’s search to acquire and lease more businesses throughout the U.S.

ELECTRIC VEHICLES

Brea-based Mullen Automotive Inc. (Nasdaq: MULN) rose 6.6% to $3.06 with a market cap of $734 million. The EV maker promoted John Taylor, a former Tesla executive and General Motors manager, to senior VP of global manufacturing and strategic planning. “John’s international manufacturing experience will come into play as he strategizes and evaluates Mullen’s other domestic and international manufacturing opportunities,” CEO David Michery said in a statement.

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