78.3 F
Laguna Hills
Monday, Aug 15, 2022
-Advertisement-

Midday Stock Roundup

The S&P 500 rose 0.1% to 4,231.52  in midday trading.

The Dow Jones Industrial Average fell 0.2% to 34,547.53 while the Nasdaq increased 0.4% to 13,974.82.

Crude oil was down 0.6% to $69.62.

Gold was off 0.1% to $1,893.

The yield on a 10-year Treasury was down 1.3% to 1.508%

TECHNOLOGY

Viant Technology Inc. (Nasdaq: DSP) dropped 13% to $29.53 and a $1.7 billion market cap.  The Irvine-based maker of advertising software is still up 23% since May 13 when it reported first-quarter results. Volume was about two-thirds of the daily average.

MORTGAGES

Foothill Ranch-based loanDepot Inc. (NYSE: LDI) increased 5.8% to $14.70 and a $4.5 billion market cap.

Bloomberg in a lengthy article profiled Anthony Hsieh, founder and CEO of the nation’s second-largest non-bank mortgage provider. Volume was twice the daily average.

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.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-