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Saturday, Aug 13, 2022
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Midday Stock Roundup

The S&P; 500 rose 0.1% to 4,580.45 in midday trading.

The Dow Jones Industrial Average fell 0.2% to 35,672.89.

The Nasdaq increased 0.8% to 15,361.82.

The yield on a 10-year Treasury bond fell 5.1% to 1.536%The price of gold increased 0.3% to $1,798 an ounce.The price for a barrel of oil fell 2.2% to $82.76.

HEALTH

Tarsus Pharmaceuticals Inc. (Nasdaq: TARS) dropped 5% to $27.55 and a $567 million market cap. Shares of the Irvine-based maker of ophthalmic drugs are still up about 30% since Oct. 6.

MORTGAGES

Foothill Ranch-based loanDepot Inc. (NYSE: LDI) fell 3.8% to $6.41 and a $2 billion market cap. Shares of the provider of mortgages have fallen by more than half since its IPO in March at $14 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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