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Friday, Dec 9, 2022
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Midday Stock Roundup

Markets rose Monday amid additional clarity around infections of the Omicron variant.

The S&P; 500 was up 1.4% to 4,603.72 in midday trading Monday.

The Dow Jones Industrial Average increased 2.1% to 35,306.52, while the Nasdaq rose 0.9% to 15,220.6.

Crude oil jumped 3.9% to $68.82.

Gold fell 0.1% to $1,781.70.

The yield on a 10-year Treasury increased 5.8% to 1.42%.

RESTAURANTS

Shares of Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) surged 66% to $12.49 after news of the Mexican quick-serve restaurant chain’s sale to Jack in the Box Inc. (Nasdaq: JACK) of San Diego for $455.3 million. The deal equates to $12.51 per share. 

Del Taco, with about 600 restaurants, had a recent market cap of $454.7 million.

MEDIA & TECHNOLOGY

Irvine-based Vizio Holding Corp. (NYSE: VZIO) jumped 10.4% to $19.80 for a market cap of $3.7 billion. The company, which is seeing rapid growth of its advertising division, last week added more channels to its WatchFree+ streaming service.

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