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Sunday, Aug 14, 2022
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Midday Stock Roundup

The S&P 500 was flat at 4,158.17.

The Dow Jones Industrial Average decreased 0.2% to 33,152.95

The Nasdaq rose 0.4% to 12,181.43.

The yield on a 10-year Treasury bond jumped 3.8% to 2.846%.

The price of gold fell 0.6% to $1,846.

The price for a barrel of oil jumped 2.4% to $117.83

AUTOMOTIVE

Irvine-based electric vehicle maker Rivian Automotive LLC (Nasdaq: RIVN) rose 3.4% to $32.01 apiece for a market cap of $28.3 million. One analyst says the EV maker will ramp up production in the latter half of the year by adding a second shift at its factory, investor website TheMotleyFool.com said earlier today in explaining the rise. Frank Klein will join the company tomorrow as the new COO to oversee the automaker’s production, manufacturing engineering and supply chain.

HEALTHCARE

Medical technology company Axonics Inc (Nasdaq: AXNX) in Irvine fell 5.8% to $49.31 apiece for a market cap of $2.3 billion. The shares have lost about 5% of their value over the past month as major stock indexes have been falling.

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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