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Monday, Dec 5, 2022
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Midday Stock Roundup

The S&P; 500 climbed 0.5% to 4,566.14 in midday trading.

The Dow Jones Industrial Average was up about 0.2% to 35,729.78 while the Nasdaq jumped 0.9% to 15,225.79.

The yield on a 10-year Treasury bond ticked 1.7% lower to 1.627%. Oil was flat at $83.77 a barrel. The price of gold increased 0.7% to $1,809 an ounce.

RETAIL

Cerritos-based Revolve Group Inc. (NYSE: RVLV) increased 3.9% to $72.94 and a $5.3 billion market cap. Volume for fashion retailer for Millennial and Generation Z consumers was about a fourth of the daily average. Shares have more than tripled in the past year. The company is scheduled to release third quarter results on Nov. 3.

FITNESS

Xponential Fitness Inc. (NYSE: XPOF) fell 4% to $15.46 and an $732 million market cap. Volume was about a third of the daily average of 247,112. Shares of the Irvine-based franchisor of fitness clubs are still up about 44% since Sept. 5.

 

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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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