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Monday, Aug 15, 2022
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Midday Stock Roundup

The S&P; 500 was down 0.2% to 4,509.07 during midday trading.

The Dow Jones Industrial Average was off 0.3% to 35,009.14.

The Nasdaq dropped 0.7% to 15,264.50.

The yield on a 10-year Treasury bond climbed 0.3% to 1.48%.

The price of gold decreased 0.3% to $1,793.70.

The price for a barrel of oil rose 1.5% to $69.37.

HEALTHCARE

San Clemente-based ICU Medical Inc. (Nasdaq: ICUI) soared 36% to $280.65 and a $6 billion market cap. ICU Medical, a provider of infusion therapies, today announced it will pay $2.35 billion to acquire Smiths Group PLC’s medical division.

Orange-based Alignment Healthcare Inc. (Nasdaq: ALHC) fell 5.2% to $18.65 and a $3.5 billion market cap. Volume was about a fifth of the daily average of 296,650. Alignment is a provider of Medicare Advantage insurance plans.

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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