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Laguna Hills
Wednesday, Aug 10, 2022
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Midday Stock Roundup

The S&P 500 increased 0.4% in midday trading to 2,802.85.

The Dow Jones Industrial Average rose 0.6% to 26,173.86.

The Nasdaq was up 0.6% to 7,570.41.

The yield on a 10-year Treasury bond jumped 1% to 2.7%.

The price of gold decreased 0.4% to $1,328.

The price of oil dipped 3.5% to $55.25 a barrel.

MANUFACTURING

Kaiser Aluminum Corporation (Nasdaq: KALU) in Foothill Ranch was up 3.9% to $111.30 and a $1.8 billion market cap. On Friday, the company promoted Neal E. West from chief accounting officer to chief financial officer, replacing Daniel J. Rinkenberger who is retiring on March 31 after 10 years in that role. Shares of the semi-fabricated aluminum products manufacturer, which reported better-than-expected earnings last week, have risen 12% since the beginning of the month.

HEALTHCARE

Irvine-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) was down 4.2% to $18.76 and a $3.4 billion market cap. The owner of health facilities yesterday reported fourth quarter results and issued a 2019 forecast. Prior to today, the shares had risen 17% since its 52-week low of $16 in December.

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