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Wednesday, Mar 29, 2023
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Midday Stock Roundup

The S&P; 500 climbed 0.6% to 4,574.87. in midday trading.

The Dow 30 rose 0.3% to 35,505.91 while the Nasdaq was also up 0.3% to 14,384.60.

Crude oil fell 0.3% to $87.96 a barrel.

Gold was up 0.5% to $1,810 an ounce.

The yield on a 10-year bond fell 2.94% to 1.747%.

MEDICAL DEVICES

Sonendo Inc. (NYSE: SONX) dropped 17% to $6.29 and a $166 million market cap. Volume of 54,842 was about a third of the daily average volume for the Laguna Hills-based maker of root canal systems.

Tarsus Pharmaceuticals Inc. (Nasdaq: TARS) fell 11% to $18.28 and a $378 million market cap. The Irvine-based researcher of eye-care treatments today announced it has completed enrollment of Saturn-2, a second Phase 3 trial for patients with Demodex blepharitis, and executed a $175 million credit facility with Hercules Capital Inc. (NYSE: HTGC) and Silicon Valley Bank (Nasdaq: SIVB).

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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