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Monday, Dec 5, 2022
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Midday Stock Roundup

The S&P; 500 slumped 0.4% to 4,441.48 during midday trading.

The Dow 30 was flat at 35,135.92.

The Nasdaq decreased 0.7% to 13,355.35.

The yield on a 10-year bond jumped 3.4% to 2.9370%.

Oil climbed 1.3% to $103.51 a barrel, while gold fell 0.6% to $1,943 an ounce.

MANUFACTURING

Vernon’s Romeo Power Inc. (NYSE: RMO) fell 7.4% to $1.05 per share for a $142 million market cap. Shares for the EV battery maker have fallen about 27% since it announced late last month that it completed the first phase of its move into a 191,000-square-foot facility in Cypress, which will become its new headquarters.

MEDICAL DEVICES

Sonendo Inc. (NYSE: SONX) of Laguna Hills fell 7% to $3.20 per share, compared to its IPO price of $12.00 per share. The dental device maker, which currently sports a $90.5 million market cap, yesterday announced the launch of its new device, The CleanFlow, which is supposed to make root canal procedures simpler when used with its existing GentleWave System.

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Audrey Kemp
Audrey Kemp
Audrey Kemp is a staff reporter and occasional photojournalist for the Orange County Business Journal. Her beats include — but are not limited to — healthcare, startups, and education. While pursuing her bachelors in literary journalism at UC Irvine, she interned for New York-based magazine Narratively Inc., wrote for Costa Mesa-based lifestyle magazine Locale, and covered the underground music scene for two SoCal-based music publications. She is an unwavering defendant of the emdash and the Oxford comma.
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