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Wednesday, Sep 18, 2024
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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,398.09

The Dow Jones Industrial Average was flat at 21,008.49.

The NASDAQ was flat at 6,098.83.

The yield on a 10-year Treasury bond rose 1.3% to 2.38%.

The price of gold was flat at $1,227.

HEALTHCARE

Sabra Health Care REIT declined 4.1% to $25.60, or $1.7 billion market cap. Sabra of Irvine and Care Capital Properties of Chicago said they will combine to form a company with an announced equity cap of $4.3 billion. Care Capital shares rose 6.3% to $28.48.

Irvine-based Endologix Inc. dropped 4.6% to $30.58 and a $592 million market cap. On May 4, the maker of endovascular stent grafts widened its expected GAAP loss for 2017. The stock is still up 31% this year.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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