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Saturday, Aug 13, 2022
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Midday Stock Roundup

After major U.S. indexes plummeted on yesterday as the coronavirus spread unabated, the markets rose today. Investors got a boost from support plans discussed by the Trump administration and the Federal Reserve’s announcement of measures to help companies seeking short-term funding.

The S&P 500 was up 3.7% to 2,473.80 during midday trading.

The Dow Jones Industrial Average rose 3.1% to 20,812.52.

The Nasdaq climbed 4.4% to 7.207.30.

The yield on a 10-year Treasury bond soared 21% to 0.881%.

The price of gold increased 3% to $1,530.90.

The price for a barrel of oil fell to 1.6% to $28.23.

RESTAURANTS

Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach fell 7.3% to $530 per share for a market cap of $14.8 billion. The hospitality sector has been hard hit by restaurant closures and restrictions during the coronavirus pandemic.

HEALTHCARE

Ensign Group Inc. (NASDAQ: ENSG) rose 15% to $28.82 per share for a market cap of $1.5 billion. The Mission Viejo-based healthcare facilities operator. Zacks Equity Research earlier in the day listed Ensign as one of five high earnings yield stocks to bet on during the coronavirus scare.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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