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Wednesday, Aug 10, 2022
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Midday Stock Roundup

The S&P; was up 1.1% to 4,484 during midday trading, and the Dow rose 0.5% to 34,889 and Nasdaq increased 2.4% to 14,111. 

Crude oil rose 1.1% to 87.89 a barrel. 

Gold was up 0.6% to 1,797 an ounce. 

10-year bond increased 0.5% to 1.791%. 

 

HEALTHCARE

Alignment Healthcare Inc. (Nasdaq: ALHC) increased 13.3% to 7.43 with a 1.39 billion market cap. Shares of the Orange-based provider of Medicare Advantage insurance plans have declined about two thirds since last reporting its fourth quarter results in November. 

 

CAR MANUFACTURING 

Irvine-based Rivian Automotive Inc. (Nasdaq: RIVN) jumped 12.2% to 64.02 with its market cap at $56.6 billion during midday. Shares of rival electric vehicle maker Tesla were upgraded today to outperform by Credit Suisse.  

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