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Saturday, Mar 25, 2023
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Midday Stock Roundup

Indexes were generally lower in midday trading as the S&P 500 fell 0.3% to 3,919.37 and the Nasdaq dropped 0.9% to 13,925.96 while the Dow Jones Industrial Average was flat at 31,535.85.

Crude oil rose 0.8% to $60.52 a barrel.

Gold was down 1.3% to $1,776 an ounce.

The yield on a 10-year Treasury fell 1.46% to 1.28%.

MORTGAGES

LoanDepot Inc. (NYSE: LDI) declined 5% to $25.12 and an $8.2 billion market cap. The Foothill Ranch-based provider of mortgages went public on Feb. 12 at $14 a share, reaching as high as $39.85 on its first day of trading.


TECHNOLOGY

Veritone Inc. (Nasdaq: VERI) fell 4.4% to $41.75 and a $1.3 billion market cap. Shares of the Costa Mesa-based provider of media analytics using artificial intelligence are still up about fivefold since November when it reported third-quarter results.

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