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Wednesday, Feb 8, 2023
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Midday Stock Roundup

Indexes fell in midday trading amid worries about the COVID-19 vaccine distribution. The S&P 500 Index dropped 1.4% to 3,794.33 while the Dow Jones Industrial Average was off 1.1% to 30,613.24 and the Nasdaq lost 1.1% to 13,476.83.

The yield on a 10-Year Treasury bond was down 3% to just over 1%.

Crude oil increased 0.8% to $53.04 a barrel.

Gold ticked 0.5% lower to $1,842 an ounce.

MEDTECH

Inari Medical Inc. (Nasdaq: NARI) dropped 7.9% to $100.21 and a $5.1 billion market cap. Shares of the maker of devices to remove blood clots are still up five-fold since its initial public offering at $19 a share in May.

AEROSPACE

Ducommun Inc. (NYSE: DCO) fell 5.4% to $51.09 and a $588 million market cap. The Santa Ana-based aerospace and defense manufacturer today announced the appointment of Christopher D. Wampler as chief financial officer; he was previously serving as interim CFO. Also today, Boeing Co. reported its biggest ever annual loss.

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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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