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Saturday, Jan 28, 2023
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Midday Stock Roundup

The S&P 500 declined 0.3% in midday trading to 2,445.17.

The Dow Jones Industrial Average was down 0.3% to 21,830.03.

The Nasdaq fell 0.4% to 6,273.76.

The yield on a 10-year Treasury bond declined 1.5% to 2.18%.

The price of gold increased 0.3% to $1,294.

TECHNOLOGY

Newport Beach-based Veritone Inc. (Nasdaq: VERI) climbed 14% to $13.01 and a $194 million market cap. Shares of the company, which has an online ad-placement business and is trying to expand into artificial intelligence, have climbed about 65% in the past week following positive coverage in Barron’s and Forbes.

HEALTHCARE

Irvine-based Cryoport Inc. (Nasdaq: CYRX) dropped 8.5% to $6.86 and a $164 million market cap. Shares of the life sciences services company had risen 20% since it reported a 52% increase in quarterly revenue at the beginning of August and are up three-fold since March.

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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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