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Tuesday, Mar 17, 2026
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Midday Stock Roundup

Indices plunged in midday trading amid a tech sector sell-off and expectations the U.S. Federal Reserve will raise interest rates four times this year instead of three.

The S&P 500 fell 1.5% to 2,710.21, the Dow Jones Industrial Average 1.3% to 24,614.60, and the Nasdaq 2.4% to 7,322.50.

The yield on a 10-year Treasury bond fell 0.3% to 2.84%.

The price of gold was up 0.4% to $1,318.

SERVICES

Acacia Research Corp. (Nasdaq: ACTG) fell 5.2% to $3.65 and a $184 million market cap. It licenses patents and invests in technology.

GBGI Ltd. (LSI: GBGI.L) declined 9.8% to a $159 million market cap. The international insurance provider, whose de facto headquarters is in Foothill Ranch, is reorganizing its Angola business following a currency devaluation in that country. The move should reduce gross written premiums by $20 million, Alliance News of London said.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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