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Friday, Sep 30, 2022
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Midday Stock Roundup

The S&P 500 declined 0.2% to 3,600.75 in midday trading.

The Dow Jones Industrial Average was also down 0.2% to 29,730.48 while the Nasdaq slipped 0.1% to 11,887.44.

Crude oil rose 1.5% to $42.07.

Gold fell 0.7% to $1,872.20.

The yield on a 10-year Treasury bond was up 1.3% to 0.883%.

REAL ESTATE

Irvine developer FivePoint Holdings LLC (NYSE: FPH) jumped 12% to $5.30 and a $788 million market cap. The trading volume of 512,419 was almost five times the daily average. Shares are still down about 43% since their 52-week high in February.

TECHNOLOGY

Veritone Inc. (Nasdaq: VERI) climbed 12% to $13.80 and a $385 million market cap. Shares of the Costa Mesa maker of artificial intelligence to track media ads have almost doubled in the past two months.

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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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