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Saturday, Jul 2, 2022
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Midday Stock Roundup

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S&P fell 0.9% to 3,287.15 in midday trading.

The Dow Jones Industrial Average declined 0.7% to 27,096.11 while the Nasdaq was off 1.6% to 10,787.78.

The yield on a 10-year Treasury bond was trending up 3.5% to 0.687%.

The price of gold was down 2% to $1,869.

A barrel of oil was up 0.5% to $39.98.

RESTAURANTS

Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach rose 4% to $1,285.39 and a $36 billion market cap. The restaurant chain yesterday said it was bringing back its popular steak dish, carne asada, for a limited time. The shares have tripled since their 52-week low in March.

TECHNOLOGY

Irvine-based Lantronix Inc. (Nasdaq: LTRX) jumped 8.8% to $4.84 and a $138 million market cap. The company, which makes chip systems for remote management of devices, today unveiled new products for the medical, gaming and retail sectors. Shares have tripled since their 52-week low in March.

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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