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 The S&P 500 was flat at 4,794.70 during midday trading.

The Dow Jones Industrial Average jumped 0.7% to 36,858.61.

The Nasdaq dropped 1.5% to 15,593.69.

The yield on a 10-year Treasury bond surged 3.3% to 1.6810%.

The price of gold rose 0.7% to $1,812.50.

The price for a barrel of oil climbed 1.2% to $77.28.

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Sonendo Inc. (NYSE: SONX) dropped 6.2% to $5.43 per share for a market cap of $143.1 million. Shares in the Laguna Hills-based dental device company have declined about 40% since it went public via IPO in late October 2021.


Irvine-based software provider for cannabis businesses WM Technology Inc. (Nasdaq: MAPS) fell 7.4% to $5.82 per share and a $380.6 million market cap. So far, 441,818 shares have traded compared to an average volume of 1,182,590 shares.