The S&P 500 rose 0.2% to 4,709.01 during midday trading.

The Dow Jones Industrial Average slipped 0.1% to 36,363.91.

The Nasdaq increased 0.3% to 15,139.92.

The yield on a 10-year Treasury bond jumped 1.8% to 1.74%.

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The price of gold fell 2% to $1,789.30.

The price for a barrel of oil climbed 2.7% to $79.92.

AUTOMOTIVE

Electric vehicle maker Rivian Automotive Inc. (Nasdaq: RIVN) in Irvine fell 5.5% to $85.07 apiece for a market cap of $75 billion, for a fourth consecutive day of declines. On Wednesday Amazon (Nasdaq: AMZN), a Rivian investor, agreed to buy battery operated delivery vans from competitor Stellantis NV (NYSE: STLA).

HEALTHCARE

Irvine urology-focused medical device maker Axonics Inc. (Nasdaq: AXNX) rose 6.9% to $58.58 apiece for a market cap of $2.7 billion. The company said earlier in the day it expects a 53% jump in net revenue in the fourth quarter, compared to the same period a year ago.