Midday Stock Roundup
Friday, January 8, 2021
The S&P 500 rose 0.3% to 3,816.12 in midday trading Friday.
The Dow Jones decreased 0.1% to 31,006.78, while the Nasdaq increased 0.8% to 13,177.29.
Crude oil climbed 1.8% to $51.72.
Gold slipped 3.8% to $1,841.40.
The yield on a 10-year Treasury increased 5.1% to 1.13%.
TECHNOLOGY
Costa Mesa artificial intelligence company Veritone Inc. jumped 18% to $37.77 with a market cap of $1.2 billion. The company on Friday was trading on higher-than-average volume and the shares are up 36% in the first week this year.
REAL ESTATE
Newport Beach-based Landsea Homes (Nasdaq: LSEA) began trading on the Nasdaq Friday, with shares down 8.4% to $9.65. The company went public following its reverse merger with LF Capital Acquisition Corp. of New York for about $344 million in stock and a $600 million enterprise value.
Shares of Irvine-based TRI Pointe Group Inc. (NYSE: TPH) were also down 8.3% to $17.40. The Irvine homebuilder had a recent market cap of $2.2 billion.
The S&P Homebuilders Select Industry Index was down 1.4% to 5,902.31.
