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Saturday, Jan 28, 2023
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Midday Stock Roundup

The S&P 500 rose 0.2% to 4,436.54 in midday trading Friday.

The Dow Jones Industrial Average increased 0.4% to 35,208.84, while the Nasdaq decreased 0.4% to 14,834.27.

Crude oil fell 0.9% to $68.47.

Gold was down 2.6% to $1,762.40.

The yield on a 10-year Treasury rose 6.3% to 1.29%.

HEALTHCARE

Irvine-based Axonics Modulation Technologies Inc. (Nasdaq: AXNX) rose 7.6% to $67.77, a day after reporting better than expected revenue results for its second quarter. The urology-focused medical device maker had a recent market cap of $3.1 billion.

Orange-based Alignment Healthcare Inc. (Nasdaq: ALHC) fell 5.5% to $19.82 with the Medicare Advantage insurance plans provider trading on volume lower than its daily average. The company, with a market cap of $3.7 billion, is up about 15% since going public in March.

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