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Wednesday, Aug 10, 2022

Midday Stock Roundup

The S&P 500 declined 0.1% in midday trading to 2,734.49.

The Dow Jones Industrial Average rose 0.1% to 25,428.71.

The Nasdaq dipped 0.2% to 7,387.26.

The yield on a 10-year Treasury bond was flat at 2.7%.

The price of gold was down 0.4% to $1,313.50.

The price of oil increased 0.6% to $54.01 a barrel.


Irvine’s Skyworks Solutions Inc. (Nasdaq: SWKS) was up 12% to $84.92 and a $14.8 billion market cap after the chipmaker reported Q1 financial results. Though results missed analyst’s expectations, the company bought back a record amount of stock during its fiscal first quarter, and authorized a new $2 billion stock-buyback program, taking advantage of its weak share price.

Alteryx Inc. (NYSE: AYX) in Irvine fell 3.2% to $67.82 and a $4.2 billion market cap. The data analytics software maker’s shares have dipped about 8% since reaching a 52-week high of $73.52 in January. The company is expected to release its quarterly results on Feb. 20.


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