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Saturday, Aug 13, 2022
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Midday Stock Roundup

The S&P; 500 was up 0.3% to 4,362.56 during midday trading.

The Dow Jones Industrial Average rose 0.1% to 34,397.13.

The Nasdaq increased 0.7% to 14,566.32.

The yield on a 10-year Treasury bond fell 2.6% to 1.539%

The price of gold increased 2% to $1,795 an ounce.

The price for a barrel of oil fell 0.2% to $80.52.

INSURANCE

Alignment Healthcare Inc. (Nasdaq: ALHC) climbed 8.3% to $18.42 and a $3.7 billion market cap. Volume at the Orange-based provider of Medicare insurance plans was three times the daily average.

DRUGMAKER

Irvine-based Tarsus Pharmaceuticals Inc. (Nasdaq: TARS), jumped 12% to $30.13 and a $620 million market cap. Raymond James analysts recently chose Tarsus, a maker of ophthalmic drugs, as one of three stocks likely to gain more than 60% in the coming months.

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