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Sunday, Aug 14, 2022
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Midday Stock Roundup

The S&P; 500 slid 0.4% to 4,511.31.

The Dow 30 was off 0.3% at 34,574.33

The Nasdaq dropped 0.6% to 14,136.11

Oil fell 1.3% to $98.99 a barrel.

Gold declined 1.4% to $1,928 an ounce.

The yield on a 10-year bond jumped 2% to 2.3730.

ELECTRIC VEHICLES

Rivian Automotive Inc. (Nasdaq: RIVN) dropped 7.32% to $46.57 per share and a $41 billion market cap. Shares in the Irvine-based electric vehicle maker have been off about 74% since their peak last November.

REAL ESTATE

Santa Ana-based title insurer First American Financial Corp. (NYSE: FAF) slid 4.2% to $62.11 per share and a $6.8 billion market cap. Credit Suisse downgraded the stock’s rating to neutral from outperform today.

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