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Laguna Hills
Wednesday, Jun 29, 2022
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Midday Stock Roundup

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 The S&P; 500 gained 0.8% to 4,189.40 during midday trading.

The Dow 30 increased 0.6% to 33,243.83.

The Nasdaq rose 0.1% to 12,548.15.

The yield on a 10-year Treasury bond dropped 2.3% to 2.928%.

The price of gold climbed 0.5% to $1,873.20.Top of Form

The price for a barrel of oil decreased 1.3% to $103.82.

TECHNOLOGY

 

Sales and marketing services company Advantage Solutions Inc. (Nasdaq: ADV) in Irvine rose 4.8% to $5.47 per share for a market cap of $1.7 billion. “With profit expected to grow by 81% over the next couple of years, the future seems bright for Advantage Solutions. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation,” investor website WallStreet.com said yesterday.

FINANCE

Shares in mortgage provider loanDepot Inc. (NYSE: LDI) in Foothill Ranch rose 5.6% to $3.10 apiece for a market cap of $958 million. Despite today’s gain, the company’s shares have lost 35% of their value since the start of the year as higher interest rates put a crimp on mortgage lending.

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal

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