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Saturday, Feb 24, 2024
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Midday Stock Roundup

 

The S&P 500 rose 0.2% to 4,352.75 in midday trading.

The Dow Jones Industrial Average climbed 0.1% to 34,621.81, while the Nasdaq decreased 0.1% to 14,651.97.

Crude oil fell 1.6% to $72.17 a barrel.

Gold was up 0.4% to $1,801.70.

The yield on a 10-year Treasury slumped 3.8% to 1.316%.

 

TECHNOLOGY 

WM Technology Inc. (Nasdaq: MAPS), OC’s largest public cannabis-focused software firm, jumped 11% to $18.40 for a $2.4 billion market cap. The Irvine-based company’s shares are up 84% from its set price of $10 since its public listing via reverse merger with New York-based Silver Spike Acquisition Corp. on June 17. 

For more on Weedmaps, see the July 19 print edition of the Business Journal. 

 

MEDICAL DEVICES 

Irvine-based Inari Medical Inc. (Nasdaq: NARI) slumped 3.4% to $92.07 for a market cap of $4.6 billion. The clot removal device maker, which is trading lower than its average daily volume, is still up by more than 93% compared to a year ago.

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