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Monday, Aug 15, 2022
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Midday Stock Roundup

The S&P; 500 was flat at 4,696.08 in midday trading Monday.

The Dow Jones Industrial Average rose 0.1% to 36,347.44, while the Nasdaq increased 0.1% to 15,984.46.

Crude oil was up 0.9% to $81.97.

Gold rose 0.5% to $1,825.10.

The yield on a 10-year Treasury increased 2.6% to 1.49%.

HEALTHCARE

Orange-based Medicare Advantage insurance plan provider Alignment Healthcare Inc. (Nasdaq: ALHC) fell 12.1% to $19.43 for a market cap of $3.6 billion. The company on Friday posted its third-quarter results, reporting a steeper loss than what analysts expected. Shares of the company are still up 12% since it began trading in March.

FINANCE

Foothill Ranch mortgage provider loanDepot Inc. (NYSE: LDI) climbed 9.3% to $7.01 for a market cap of $2.2 billion. The company was trading on volume more than double its daily average on Monday.

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