67.6 F
Laguna Hills
Wednesday, Aug 17, 2022

Midday Stock Roundup

Major U.S. indexes crept back up Friday, after falling the day prior on concerns over the rising COVID case rates nationally.

The S&P 500 rose 1% to 3,572.39 in midday trading.

The Dow Jones increased 1.1% to 29,393.04, while the Nasdaq was up 0.7% to 11,796.63.

Crude oil fell 1.5% to $40.49.

Gold was up 0.9% to $1,890.80.

The yield on a 10-year Treasury rose 1.1% to 0.89%.


Urovant Sciences Ltd. (Nasdaq: UROV) jumped 94% to $16.02, a day after Sumitovant Biopharma said it planned to buy the Irvine-based drugmaker for $16.25 a share, which is about $584 million in cash. It now has a market cap of $507 million.

Sabra Healthcare REIT Inc. (Nasdaq: SBRA), with a market cap of $3.4 billion, rose 4.2% to $16.38. The Irvine-based healthcare real estate investment trust was trading on volume lower than its daily average and is down about 23% from the start of the year.


Featured Articles


Related Articles