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Saturday, Aug 13, 2022
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Midday Stock Roundup

The S&P; 500 increased 0.3% to 4,535.13 in midday trading.

The Dow Jones Industrial Average was up about 0.1% to 35,381.96 while the Nasdaq jumped 0.8% to 15,373.74.

The yield on a 10-year Treasury bond ticked 0.5368% higher to 1.31%.

Oil was down 0.2% to $68.38 a barrel.

The price of gold dipped 0.1% to $1,187 an ounce.

APPAREL

Cerritos-based Revolve Group Inc. (NYSE: RVLV) jumped 9% to $62.63 and a $4.6 billion market cap. Luxury fashion brand FORWARD, part of the Revolve Group, today announced Kendall Jenner as its new creative director.

ADVERTISING

Irvine advertising software maker Viant Technology Inc. (Nasdaq: DSP) climbed 7.6% to $14.79 and an $894 million market cap. Shares in the company hit $13.16 on Aug. 25, the lowest closing price since the company went public in February at $25 a share.

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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