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Saturday, Mar 15, 2025
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Midday Stock Roundup

The S&P 500 was up 0.4% to 3,814.59 in midday trading today.

The Dow Jones Industrial Average increased 0.2% to 31,124.79 while the Nasdaq rose 0.6% to 13,151.79.

Crude oil slipped 0.5% to $52.97.

Gold rose 0.8% to $1,858 an ounce.

The yield on a 10-year Treasury bond was off 4.5% to 1.087%.

MEDICAL DEVICE MAKERS

Shares of Irvine-based Inari Medical Inc. (Nasdaq: NARI) popped 12% to $95.53 and a $4.9 billion market cap. The medical device maker, whose products treat blood clots in veins, yesterday reported preliminary fourth-quarter revenue was in the range of $47.9 million to $48.9 million. Analysts expected on average $38.5 million.

Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO) climbed 6.1% to $13.83 and an $840 million market cap. Shares of Avid, a contract manufacturer of biologics, have jumped about 20% since Jan. 1 and are now up about four-fold since last March.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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