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Thursday, Jun 30, 2022
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Midday Stock Roundup

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Indexes declined as the number of coronavirus cases continued rising.

The S&P 500 dropped 3% to 3,290.68 in midday trading while the Dow Jones Industrial Average fell 2.9% to 26,662.74 and the Nasdaq lost 3% to 11,088.83.

The yield on a 10-Year Treasury bond was down 1.2% to 0.768%.

Crude oil fell 5.9% to $37.23 a barrel.

Gold ticked 1.6% lower to $1,881.

BIOTECH

Inari Medical Inc. (Nasdaq: NARI) fell 6.1% to $60.02 and a $2.9 billion market cap. Shares of the maker of devices to remove blood clots are now down 22% since Oct. 13. The shares are still up more than three-fold since its initial public offering in May.


REAL ESTATE

Shares of CoreLogic Inc. (NYSE: CLGX), a provider of real estate and insurance data, soared 13% to $77.29 and a $6.1 billion market cap. The Irvine-based company confirmed it’s “engaging with third parties” about a possible takeover with a value of $80 or more a share.

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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